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Second GM factory opens in China

By Associated Press

POSTED:



HONG KONG » General Motors Co. and its local Chinese partners have launched a second plant to make cars for its local discount brand Baojun, ratcheting up the battle for customers at the fast-growing lower end of the world's biggest auto market.

The SAIC-GM-Wuling joint venture opened the factory Sunday in southwestern Guangxi province. GM and its partners have invested $1.3 billion in the facility, which will be capable of turning out up to 400,000 vehicles a year.

The first car to roll off the plant's production line was a Baojun 630 midsize sedan, one of two cars sold under the only-in-China badge. The 630 sells for about 63,000 yuan — $10,100 — while the Le Chi mini­car goes for about 40,000 yuan — $6,400.

In September, Nissan unveiled the second model from its new low-priced Chinese brand Venucia, a compact hatchback that will sell for as little as 67,800 yuan — $10,760. Honda has also launched a budget brand, Li Nian.






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Ronin006 wrote:
The Obama Administration fought Boeing’s plan to build a plant in South Carolina to build Boeing’s 787 Dream Liner because SC is a right-to-work state. The union representing Boeing’s workers in Washington wanted the 787 built there and got the FLRB to side with them. Fortunately, Boeing ultimately prevailed and will build the 787 in SC. Now we have GM, in which the US government and GM employees have a large stake, announcing the building of a 2nd GM plant in China without any opposition from the Obama administration or GM’s union. Why is that?
on November 20,2012 | 09:19AM
soundofreason wrote:
You forgot that our bailout funds (Obama's baby) made this all possible. The jobs......overseas, that is.
on November 21,2012 | 05:53AM
frontman wrote:
obama's government motors using taxpayer bailout to build plants in China........hope and change, don't you love it
on November 21,2012 | 07:33AM
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