Beijing: Beleaguered US automaker General Motors opened up a new joint venture manufacturing plant in northeast China on Wednesday which will begin churning out up to 150,000 vehicles annually beginning 2009.
The joint venture plant in Shenyang city, inaugurated as the iconic American brand is fighting for its life amidst the global crisis, will mass produce the compact Chevrolet Cruze from the second quarter of 2009.
"The opening of this plant is part of GM's ongoing pledge to grow our operations in China," said Kevin Wale, president of the GM China Group, in a statement.
The plant will be operated by General Motors China and its joint venture partners Shanghai Automotive Industry Corp Group and Shanghai GM.
The joint venture plant is the second for GM in Shenyang.
The first plant makes the Buick GL8 and the Buick FirstLand executive wagons and boasts a capacity of 50,000 vehicles annually.
The new opening comes after GM said on Friday it was idling 30 percent of its North American production "in response to rapidly deteriorating market conditions."
The auto giant, which has been pleading for an emergency US government loan to avert collapse, said the action comes in response to a sharp industrywide drop in last month vehicle sales, including a 41-percent drop for GM.
Despite the troubles in the United States, the China market has remained profitable for the automaker where it was the market leader until last year when it was overtaken by Volkswagen in sales.
"We are continuing our investment in China and actually we are very profitable in China," Henry Wong, GM's Shanghai-based spokesman, said last month.
i cant believe we bail them out and they take our money and run. we will see none of those jobs, none of that industry and production to stimulate our economy? WTF!
When an Iraqi journalist threw his shoes at George W. Bush during a press conference in Baghdad, pundits laughed, made jokes and even praised the president's quick reflexes. But few actually paid attention to what the journalist said.
How the recent indictment of Illinois Gov. Rod Blagojevich for exploiting "pay-to-play" politics is nothing new and how the spy tactics used to catch him should be expanded and applied to every aspect of government.
I would rather have elected officials who honor the oath of upholding the Constitution that they swore upon taking office.
I understand the whole "good for the goose, good for the gander" argument, but I have always been more of a "two wrongs don't make a right" kinda guy.
I would rather replace the current brand of traitors we have in Congress with a more honorable breed through honest elections, than to stoop to their level.
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—Thomas Jefferson
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