GM ‘Likely’ to Build in China as U.S. Factories Close – AMERICAN TAXPAYERS AND WORKERS GET THE FINGER

GM ‘Likely’ to Build in China as U.S. Factories Close – AMERICAN TAXPAYERS AND WORKERS  GET THE FINGER

By Stephanie Wong

April 20 (Bloomberg) — General Motors Corp., shuttering U.S. plants in a bid to avoid bankruptcy, is “likely” to build a new factory in China on surging demand.

“Operations in China are profitable and in the future China can finance its own growth,” Nick Reilly, the company’s Asia-Pacific president, said at the Shanghai auto show today. He didn’t give a timeframe for the new plant.

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http://www.bloomberg.com/apps/news?pid=20601080&sid=aN4Brm9JM3_8&refer=asia

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