Just found out that Chevy Bolt was designed in South Korean on top of using power train and battery pack designed/engineered by LG(a South Korean company). Not only South Korean designed the Bolt they also designed these vehicles for GM: Sonic, Cruze, and Spark. Of course these vehicles used many South Korean parts.
Some foreign car companies such as Honda has most vehicles sold in North America designed/engineered right here in North America(US + Canada + Mexico). Even the most advance and expensive NSX(from Honda) was totally designed/engineered and tested in Ohio by American.
US tax payers spent $50 Billion to bail out GM and lost $11 Billion after we got back $39 Billion, in return GM outsourcing high paying jobs to oversea.
Honda, Toyota, BMW, MB ... didn't need any government money and they actually expand their design centers, manufacture plants ... in US to design and produce more vehicles here instead at their homelands.
Quote:
The Bolt was designed at GM's South Korea design studio, which has about 190 employees working on 10 vehicle projects. The studio, which is also responsible for the Sonic, Cruze, and Spark, is the automaker's third-largest in the world behind its US and Europe studios.
http://www.autoblog.com/2016/08/10/chevy-bolts-aero-disaster-but-big-inside/
Quote:
The total cost of the government's bailout for General Motors has come to $11.2 billion after the Treasury sold the last of its assets in December
The $11.2-billion loss includes a $826-million write-off in March from government investments in the “Old GM” before the company’s 2009 bankruptcy, the report said. The U.S. government spent $49.5 billion to bail out GM, and after the company’s bankruptcy in 2009, the government’s investment was converted to a 61 percent equity stake in the company. The Treasury gradually sold off its stock in GM, selling its last shares in December 2013.
http://time.com/82953/general-motors-bailout-cost-taxpayers-11-2-billion/
Some foreign car companies such as Honda has most vehicles sold in North America designed/engineered right here in North America(US + Canada + Mexico). Even the most advance and expensive NSX(from Honda) was totally designed/engineered and tested in Ohio by American.
US tax payers spent $50 Billion to bail out GM and lost $11 Billion after we got back $39 Billion, in return GM outsourcing high paying jobs to oversea.
Honda, Toyota, BMW, MB ... didn't need any government money and they actually expand their design centers, manufacture plants ... in US to design and produce more vehicles here instead at their homelands.
Quote:
The Bolt was designed at GM's South Korea design studio, which has about 190 employees working on 10 vehicle projects. The studio, which is also responsible for the Sonic, Cruze, and Spark, is the automaker's third-largest in the world behind its US and Europe studios.
http://www.autoblog.com/2016/08/10/chevy-bolts-aero-disaster-but-big-inside/
Quote:
The total cost of the government's bailout for General Motors has come to $11.2 billion after the Treasury sold the last of its assets in December
The $11.2-billion loss includes a $826-million write-off in March from government investments in the “Old GM” before the company’s 2009 bankruptcy, the report said. The U.S. government spent $49.5 billion to bail out GM, and after the company’s bankruptcy in 2009, the government’s investment was converted to a 61 percent equity stake in the company. The Treasury gradually sold off its stock in GM, selling its last shares in December 2013.
http://time.com/82953/general-motors-bailout-cost-taxpayers-11-2-billion/