After Receiving Bailout, GM May Move Volt Production to China

[FreakinDJ]

Although it happened back in September, 2011, it appears many American taxpayers are unaware that General Motors struck a deal in Shanghai wherein the company has agreed to develop an electric vehicle (EV) platform with its longtime Chinese partner SAIC.

What else was included in this deal? GM has agreed to effectively move all future EV development to China. It could also mean that production of the vehicle itself will be moved overseas.

The agreement is the result of the Chinese government coercing foreign automakers into giving Chinese companies the EV technology they lack, according to an Associated Press report. Unsurprisingly, some U.S. lawmakers have voiced concerns that the deal is little more than a “shake down” from the Chinese to get GM’s Volt secrets. GM has denied reports that it will hand over the intellectual property underlying the Volt.

http://l.yimg.com/bt/api/res/1.2/UzMw0i.77xXTzcQj.Kphjg--/YXBwaWQ9eW5ld3M7cT04NTt3PTMxMA--/

http://news.yahoo.com/receiving-bailout-gm-may-move-volt-production-china-020507979.html

More to the story here -

China to GM: Give us Chevy Volt secrets or it'll cost $19,000 more

As General Motors seeks to introduce the Chevrolet Volt to the Chinese market, it's counting on these subsidies to help make the car attractive to potential buyers. It could work, too, since the Chinese subsidies are large enough to essentially slice the Volt's MSRP in half. However, according to The New York Times, the Chinese government has put a big roadblock in front of the plug-in Chevy:

The Chinese government is refusing to let the Volt qualify for subsidies totaling up to $19,300 a car unless G.M. agrees to transfer the engineering secrets for one of the Volt's three main technologies to a joint venture in China with a Chinese automaker, G.M. officials said. Some international trade experts said China would risk violating World Trade Organization rules if it imposed that requirement.

http://green.autoblog.com/2011/09/20/china-to-gm-give-us-chevy-volt-secrets-or-itll-cost-19-000-mo/

[zaj]

1. This is Glenn Beck's website "The Blaze"

Context may be key here.

[FreakinDJ]

2. I don't get it

what is Glenn Beck's website

[emilyg]

3. usatoday had same thing

[JDPriestly]

4. Outrageous.