General Motors Corporation (NYSE: GM) will be building a new vehicle engine and parts plant in Brazil at a cost of $200 million, the automaker said this week. The new plant will bring about 500 new employees to the automaker at a time when it's winding down the closure of quite a few vehicle assembly plants all over the U.S.Six quarters from now, the new Brazilian plant shout be producing engines in the new facility, which is expected to make about 50,000 engines per year. In a unique twist, GM also indicated that engines from this new plant will be tested without using gasoline, eliminating contaminants inside the plant (as in emissions particulates).
Most likely, engines produced in this plant (which GM has been mum about) will be used in vehicles to feed the fast-growing Brazilian market and perhaps other South American markets as well. GM has seen a rapid increase in its Latin America sales as of late, with a 19.4% increase to 1,235,913 vehicles last year to countries in the region.
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Reader Comments (Page 4 of 4)
4-19-2008 @ 7:20PM
Symphony said...
Hi, my sister just sent a message here but I don't think it worked or she goofed it up, sent it to the wrong address. Sorry to whoever got it by mistake. She's 14 and I'm 15 and even if there should be lots of jobs in the USA, we don't want to do cars for a living. She wants to be a makeup artist and I want to be an ACTRESS and MUSICIAN, even if we live in MI and people want us to do cars for a living. Is it really so bad to be right brained and artistic and musical in MI, or to want to move to California when I'm old enough? Am I really so bad to just be myself?
4-19-2008 @ 7:31PM
dave said...
Forget about.Whatever business wants business will get.Who do you think runs this country?
Business will outlast any union.They have the money and the power.GM will be around alot longer than the UAW.
Business will have set backs,but they aren't going to die- out.
Business owns the dems and the repubs PERIOD
4-19-2008 @ 7:41PM
just thinking said...
time to start paying atention to politics insted of looking to be entertaind
4-19-2008 @ 8:02PM
brady turley said...
You tard. The technology does not exisit to build an 80 mpg car that is both comfortable and reliable. I agree gas companies are screwing us big time, and they all need to be drug out into the street and shot. The duramax is built by foriegner Isuzu, and look at how well it performers. We should be open to a world market. At the rate our dollar is depreciating, maybe a foriegn country will build a plant here.
4-19-2008 @ 8:47PM
Al said...
How about the "American" Chevy Equinox? Engine from China, transmisson from Japan and built in Canada. Wonder how many of those workers paid into Social Security, Medicare or paid taxes here??
4-19-2008 @ 8:09PM
Robert Wayne said...
We can thank the free trade crap pushed through first by Clinton and now by Bush for these backstabbing corporations moving to third world sewers in Asia and Latin America. The only way to get this country back on track is to put a stop to the free trade disaster that is destroying us, reenact the tariffs and cut taxes on the middle class. These so called American companies like GM, Maytag, RCA, etc. are about as American as Tokyo, Beijing, or Moscow now.
4-19-2008 @ 8:13PM
J.P. said...
When the unions stop making employers keep worthless employees maybe the big companies can afford to build plants in this country again. How about clos ing down the EPA so we can build more refineries. Think of all the oil shipped from Alaska to Japan for refining. How stupid is that?
4-19-2008 @ 8:24PM
John said...
Paul - you are poorly informed. GM has been operating as a local company in Brazil for over 80 years. Local investments are funded by local operating profits. Brazil is a great developing market in which to do business.
And "Dr, Bill" -- the US is still a great place to do business. GM isn't moving to Brazil; it is making a wise investment in a vibrant 80-year-old international operation.
4-19-2008 @ 8:25PM
John said...
Robert Wayne: you are just plain wrong. GM is a global company. Products sold in the US are 80% local content on average. GM proudly employs American designers, engineers and talented union labor to build the highest quality engines, transmissions and vehicles, for sales to Americans. It also builds cars in China to sell to the Chinese, in Brazil to sell to Brazilians and in Europe for ... you guessed it, Europeans. You want to fix the economy? Buy and GM or Ford product and stop shopping at Walmart.
4-21-2008 @ 5:45PM
Richard said...
It had to happen with what the motor car companies are paying these people in both wages and benifits,and quite frankly I am surprised that it didn't happen long ago!These workers in my opinion are the most greedy of all employed people in the manurfacturing industry in the United States of America.They are notorious for rejecting substantial wage and benifit offers that most of us would feel privledged and blessed to be a part of.Apparantly their high wages and super benifits have not been reflected in the final prouduct ,since automobles made in this country are not as reliable as in other countrys.No sympathy here people you with your greed dug your own graves...
4-19-2008 @ 8:57PM
Jossy said...
big deal, american's lose their gm jobs. all they need to do is move to where the japanese autos are made...and that's right here in america. ford, chevy, etc. are made in mexico and canada so go and leave too, gm. y'all make crappy products. japan no longer owns japanese auto companies, american auto companies own them. they build 'em here by american workers, they're built right, and they last three times longer than those other hunks of metal junk. save an american's job, buy a toyota. it's the best of them all.
4-24-2008 @ 7:38PM
Suzy said...
This is exactly why voters are going to be paying
attention to where the candidates stand on trade
issues. The manufacturing jobs built the middle class and gave the average American the high standard of living that was the envy of the rest of the world. Without a middle class, we could become a third world country with only the rich and poor - not a happy scenario. Maybe this is why some of the politicians are buying properties outside the USA - they'll leave the rest of us to deal with a shell of what this great country once was.
4-19-2008 @ 10:17PM
Hank said...
To Clay unions are not the problem and never have been. Unions stand up for a negotiated wage for a job done not work someone to death at minmum wage like wal-Mart. Unions have lead the way for better working conditions in America that have prevented many deaths and injuries. Always look for the union bud when you buy because the product is better. North Carolina State University in a state that hates unions as you do did the reseach and found union workers to be 83% more profitable to hire because they are trained. Corporations and stockholders are simply greedy and are running away from a place that the economy requires a living wage nothing more.
4-19-2008 @ 10:18PM
Michael said...
Toyota is going to be more American made than GM. I have only owned GM all my life. Guess my next one won't be. Shame on you General (going Motors.
4-20-2008 @ 1:01AM
HAROLD said...
EVERYONE IN THE GOOD OLE U.S.A. SHOULD BUY ALL PRODUCTS MADE OVERSEAS, THEN THERE WILL NO JOBS HERE. WE WILL ALL BE GETTING PAID UNENPLOYMENT FROM JAPAN, CHINA, MEXICO, ETC,ETC,ETC,ETC., AND THERE WILL STILL BE ASSHOLES BLAMING THE UNIONS. THE UNIONS ARE THE ONLY HOPE AMERICANS HAVE FOR KEEPING JOBS HERE. WAKE UP AMERICANS OR START TAKING CLASSES ON SPEAKING NEW LANGUAGES BEFORE ITS TOO LATE.....
4-20-2008 @ 1:16AM
WILMA said...
WHO WILL BUY THE CARS WHEN ALL THE GOOD PAYING JOBS ARE GONE. NOT PEOPLE THAT WORK AT WAL-MART
4-20-2008 @ 10:11AM
Rick Rodriguez, A Syracuse Fan said...
I just can't make myself believe that there are so many "dumb masses" (say it quickly). I’ve read the comments that blame President Bush for providing benefits to the rich and the big greedy corporations for shipping jobs overseas, etc... However, they do not reveal the reasons for their comments. I believe it is the middle class American who is bitter. Ha-ha. Seriously, the comments have no substance because they have been taught in government schools and unable to think independently by applying common sense to problem solving.
I worked for GM many years ago and I am an annuitant, receiving a pension, resigning with 16 years of service. When the UAW was negotiating with the Big Three back in the 70's, the U. S. auto manufacturers were held at bay with strikes. They subsequently, increased hourly wages and benefits to union workers, those same employees began earning far more than they were worth and caused the manufacturer to simply pass on the cost of their products to the public who eventually had to pay it. The manufacturers, in their entrepreneurial way, began to cut corners to make up for the profit shortcomings. The quality control of their products went south along with their market share. The ride was short-lived and jobs began disappearing, these same recipients of exaggerated benefits could not equate the number of Toyotas, Hondas and Mazdas in the employee parking lot to the lay-offs. By the way, George Bush was not president back in the 1970’s when the big lay offs, attrition of jobs and plant closings began.
When the silent majority decides that they have had enough and systematically remove all of the incumbents in office and sending them a message, we can return this country to its rightful place as leaders in the global economy. It is unfortunate, but that is the truth of the matter. The politicians and lobbyist think they have the power and they do until, we the people take it back. They will not relinquish the power we have permitted them to have.
We can start by educating ourselves on political issues, such as the way we fund our government and how the income tax code affects our economy and jobs, etc. There is a bill in congress, the only bill with bi-partisan support by 76 congress persons, the Fair Tax Act HR.25/S.1025, that begins to repair and strengthen our dysfunctional economic situation. The Fair Tax replaces all personal income tax, payroll tax (FICA & Medicare) death tax, capital gains tax and the corporate tax. Everyone gets to keep 100% of their paychecks and pay a sales tax when you purchase a new product or service at the cash register. The abolishment of the corporate tax alone would give the U. S. manufacturer an incentive to keep jobs here because they would not have to pay the highest corporate taxes in the world.
I am hoping that you see how the economic cycle works, the manufacturer’s cost is reduced by the amount of the taxes they pay, which lowers their cost. Remember, the higher the tax on the manufacturer, the higher their cost becomes, that cost is then passed on to you and I, the consumer.
There are many other benefits to the Fair Tax, HR.25 and S.1025. I urge you to research the subject bills in the U. S. Library of congress web-site http://thomas.loc.gov. You can also read The Fair Tax Book by Neal Boortz and Rep. John Linder.
4-20-2008 @ 10:13AM
luqe said...
Oh yes of course, let us all blame Wal-Mart for everything that is wrong with the American economy.
Then lets be real, do any of us really7 believe G M
will still be building cars in America 10/20 yrs. from now.
Wait let me think, --------------------------NOT !