China motors
 

Re: China motors
 

I'll be damned if I'll ever buy a GM product.Let them sink next time.

Re: China motors
 

Re: China motors
 

Just another piece of the puzzle of economic problem here.

Re: China motors
 

It is all about the bottom line...profit!

Re: China motors
 

They got the bailout from us, and are now spending it in China. Less jobs here, they do not care.

Re: China motors
 

So just keep taxing those "Rich" Corporations till they take ALL the jobs out of the country.

Re: China motors
 

Lets not tax the poor little corporations and greed will still dictate the same results. Not one time in the years I worked for GE was taxes an issue, it was always the cost of labor. GE had 1000s of corporate taxes lawyers to address that issue. The end result was GE closed the Ontario plant to non-DOD work and moved to China where they can pay the worker less than minimum wage, provide no healthcare, work them in a unsafe environment with hazmat. Can you image the money they are making without the EPA, OSHA, and IRS breathing down their necks, a great day for capitalism!

Re: China motors
 

And them the board of diretors will give the CEO a BIG bonus for (sending jobs over seas). Everyone of them should have to live in those countries.

Re: China motors
 

I worked in Management of GE for 30+ years and I watched my division close 17 plants in approximately 4 years. I first blamed the company then one day I began to see several hints of what was happening. Most of it started with the passage of NAFTA. We slowly began to move operations to Mexico with the promise that with this bill passage that of all products made there 50% had to be sold there. Now can you imagine them using a Microwave when there is no electricity within 100 miles or a refrigerator when they have no water for the ice maker. As part of my job, I had to make several trips to set up the plants. Unbelievably screwed up as these people did not want to work. Quality problems were just out right flagrant. As the problems mounted, it was just a short time before GE started to look else where, which was China, Brasil or BUM FUDGE Egypt. During all this time, I just couldnt understand why. Then as I began to really look, I saw that we as a country was offering all kinds of tax breaks for companies to produce else where (NAFTA). Then I also saw 3 real reasons
1: tax breaks offered by our government
2: we people want an immediate return on our stocks
3: WE have become complacent as American workers and we want 8 hours pay for 4 hours work. We expect it all to be given to us because we are the best. We have workers especially in the auto industry making as much as $75 an hour to punch a button. We have corporate greed of CEO that want to make $x000,000 for salaries. Hey fellows NHRA or NASCAR are no different.
Many of our politicians are giving us away $1 dollar at a time but we are just as much to blame as they are.
reed

Re: China motors
 

Apparently some on here have never worked with/for a Fortune 500 company. It is so easy to sit back and criticize large corporations and the money they make. In short, they are expected to make money or investors will move their investment dollars elsewhere. So, ask yourself,
"do I want a 12 percent return on my 401K retirement program or do I want 2 percent????" Corporations move overseas in order to make more money, it is that simple.
The problem is "return on investment".....corporations have to have a
ROI better than "Standard and Poor" in order to attract investors........