In the biggest fail yet to provide small and fuel efficient cars... GM's answer is typical, outsourcing when beaten and after taking BILLIONS of tax payer dollars....
General Motors Corp. (newsvine) plans to begin exports of vehicles made in China to the United States within two years, ramping up China export sales to triple by 2014, reports said Wednesday.
The main focus would be on exporting small cars similar to the Chevrolet Spark, the reports said.
If true, GM could end up becoming the first automaker to begin exporting to the U.S. from China: previously announced plans by Chinese manufacturers to crack the U.S. market have so far fizzled.
Opting to export from China would help the company, now surviving on $15.4 billion in federal loans, to slash production costs and make full use of its huge investments in factories here. via Reuters newsvine
Read more on how GM has Failed with your billions...
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