GM moves electric car development to China

[Stalker]

http://content.usatoday.com/communi...hina-electric-car-deal----a-china-shakedown/1

UPDATE 11:40 ET with Girsky comments on deal, building Volts in China. General Motors agreed in Shanghai today to develop an electric vehicle platform with longtime Chinese partner SAIC. It effectively moves GM's future electric vehicle development to China. Unclear is whether this would also lead to assembly of future EVs for the U.S. market in China.
The deal came as the Chinese government is pushing foreign automakers to give Chinese companies EV technology they lack, according to an Associated Press report. U.S. lawmakers have complained that China is "shaking down" GM to get Volt secrets. Electric vehicle development in the U.S. has been developed with extensive U.S. taxpayer funding.
Details of the plan were not provided, and GM has denied it will involve handing over intellectual property underlying the Volt.
GM Vice Chairman Steve Girsky, in a conference call from Shanghai, said that neither SAIC nor the Chinese government have demanded Volt technology. Any future EV would, of course, draw on GM's Volt experience and technology. Under the deal, SAIC and GM will equally share the cost of developing a new all-electric vehicle, Girsky said.
GM plans to start exporting Michigan-made Volts to China by year's end, but isn't likely to sell many. The Chinese government is pushing electrics with a subsidy that amounts to about $19,000 per car -- but only if the car is made in China. No imports allowed. There also are tariffs on cars imported to China, which lawmakers argue are unfair and may violate world trade rules.
Girsky hinted that the Volt could eventually be built in China. "If we localize, eventually it won't have a tariff and it will get the subsidy. We have made no decision on if, when or where we build Volt in the future."
The deal with Chinese government-owned SAIC was signed during a meeting of GM's board in Shanghai — a visit underscoring China's importance to GM. It was the board's first meeting outside the U.S.
GM spokesman Jay Cooney said the companies will work together to develop a next-generation, fully electric car.
GM sees China, the world's biggest new-car market, as crucial to its future:
Shanghai is the site of GM's international headquarters and its successful venture with SAIC, which on Monday rolled out the 5 millionth vehicle since production began in late 1998.
The push for more advanced technology reflects China's frustrations with its continued weakness in automotive technology, analysts say. After 25 years of auto joint ventures that require local partners to hold at least a 50% stake, domestic automakers still lag behind global rivals in automotive engineering.
"China is not a technology leader in virtually any industry. The country has developed around low-cost production," said Bill Russo of consultancy Synergistics. "This is the irony, that the largest and biggest growth market has relatively weak domestic manufacturers."
An explosion in Chinese demand and sluggish sales in the recession-stricken West helped China overtake the U.S. as the largest car market in 2009. Last year, sales of passenger vehicles, excluding large buses, jumped by a third to 13.7 million vehicles.
Although growth in the overall market has slowed in recent months, GM's sales in China still jumped 13.4% in August from a year earlier to a record 205,885 vehicles.
A large share of the company's growth has come from sales of its mini vehicles in another venture, SAIC-GM-Wuling. But strong demand for foreign-brand sedans and sport-utility vehicles has also helped.

 

[BIGCOWL-IMP]

Do really think posting something like this helps the economy ??? I
hate when people post shit like this........

Roush moved most of there plastic injection molds to China...Most of the molds are Fords and Ford knows it....I have not said anything about this and i new about it 2 years ago when i worked there...........its just not good for the economy...

 

[webleedorange619]

Do really think posting something like this helps the economy ??? I
hate when people post shit like this........

Roush moved most of there plastic injection molds to China...Most of the molds are Fords and Ford knows it....I have not said anything about this and i new about it 2 years ago when i worked there...........its just not good for the economy...

Uh I dont think his motive by posting this was to "help the economy" more of less just to post up some news...

 

[Stalker]

Do really think posting something like this helps the economy ??? I
hate when people post shit like this........

Roush moved most of there plastic injection molds to China...Most of the molds are Fords and Ford knows it....I have not said anything about this and i new about it 2 years ago when i worked there...........its just not good for the economy...

Well, our host is inside the US as is my Internet provider. So technically I'm helping the economy by posting. meanwhile the moving of the production and development of the Volt to China probably isn't helping the economy.

Was this some kind of joke by the way? I have no idea what me posting a news story has to do with the economy.

 

[BIGCOWL-IMP]

No joke....
Do you think that GM would sell more or less of them if everyone new that they where made in China ????

 

[Swifster]

No joke....
Do you think that GM would sell more or less of them if everyone new that they where made in China ????

You think Volts would be made in China in secret? Would you want a Chinese Volt? Would you WANT a Volt anyways?

 

[Uncle B]

Do really think posting something like this helps the economy ??? I
hate when people post shit like this........

Roush moved most of there plastic injection molds to China...Most of the molds are Fords and Ford knows it....I have not said anything about this and i new about it 2 years ago when i worked there...........its just not good for the economy...

I don't get it. Everyone moving shit to China isn't hurting the economy, but posting about it is hurting it?

 

[lethalss]

Do really think posting something like this helps the economy ??? I
hate when people post shit like this........

Roush moved most of there plastic injection molds to China...Most of the molds are Fords and Ford knows it....I have not said anything about this and i new about it 2 years ago when i worked there...........its just not good for the economy...

lol...a post on a message board does not affect the economy. Jesus.

 

[BIGCOWL-IMP]

I don't get it. Everyone moving shit to China isn't hurting the economy, but posting about it is hurting it?

If u DON`T post about it then alot of people won`t know about it.

 

[Teef racing]

If u DON`T post about it then alot of people won`t know about it.

are you for real?

 

[DRKCYDE]

And I didn't think they tolerated dumb in Farmington hills.
So ashamed.

 

[DBK]

If u DON`T post about it then alot of people won`t know about it.

:lol:

I'm pretty sure major media publications have a wider audience than Motown Muscle.

 

[Teef racing]

Lol

 

[Roadrage]

wow
:inandout:

 

[kovacs32]

I would never have a bought a Volt anyway so the post doesn't hurt economy IMO

 

[WhiteHawk]

If you actually read the article, it almost completely contradicts the headline. It is BS. The only fact is this:

General Motors agreed in Shanghai today to develop an electric vehicle platform with longtime Chinese partner SAIC.

If they develop a car in China, it will be for China - $19,000 in government incentives per vehicle if built in China. That is what Girsky means when he says "Localize". He means build one there. It doesn't mean moving all development, it means developing the one that is going to be sold there.

GM builds the Cruze in three or four countries right now, including Korea and the US. This is like that.

-Geoff