http://www.reuters.com/article/newsOne/idUSTRE57T0IV20090830
GM to form China venture, invest $293 million
Sun Aug 30, 2009 7:33am EDT
By Fang Yan and Edmund Klamann
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SHANGHAI (Reuters) – General Motors said on Sunday it has agreed to set up a light commercial vehicle production venture with major Chinese automaker FAW Group, with total investment of 2 billion yuan ($293 million).
The 50-50 joint venture, based in the northeast China city of Changchun in Jilin province, will make light-duty trucks and vans, GM said in a statement.
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Bet they will have the UAW representing the workers? Not!
Hey, it’s only 293M$ of our tax money.
Glad the gooferment is branching out. From it’s Constitutionally mandated functions.
Now you see the meaning of Fascism. Oh, I mean gooferment – business cooperation.
How’s that “change” working out for you?
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Reinke Faces Life 