GM technology goes to Russia

GM's Opel division will be helping GAZ
http://www.impomag.com/scripts/ShowPR.asp?RID 860&CommonCount=0
Opel To Funnel GM Technology To Russia
September 18, 2009
by Tom Krishner, AP Auto Writer
DETROIT (AP) - Last week's deal for General Motors to give up control of its money-losing Opel unit has a big downside: If the deal goes through, Russian automaker GAZ will get its hands on GM technology.
Worse yet, GAZ, with cars that are light years behind most global automakers in quality as well as engines, transmissions and other technology, is likely to use what it gets from GM to compete against the Detroit automaker's Chevrolet brand in Russia.
"Each deal has a flip side. I think that is the risk that is currently being assessed by GM, and maybe they're willing to accept it," said Mikhail Pak, auto industry analyst with the Aton Investment Co. in Moscow.
GM said Sept. 10 that it had agreed to cede a 65 percent stake in the German-based Opel to Canadian auto parts supplier Magna International Inc. and Russia's state-owned Sberbank. GM keeps 35 percent and Opel's workers get 10 percent. Under the deal, expected to close by Nov. 30, the German government also pledged $6.5 billion in credit.
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wrote:

Fail: simply math errors make the credibility of any store suspect: for example, it is really, really hard to sell 110% of any company!
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This is Obamath. If you dont see it and understand it you are obviously racist. The extra 10% wouldnt be a tax, of course, but it could be a "fee" or "penalty".
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Depends, if you are GM with creative accounting or not.
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wrote:

Forgot Obama was involved... Sorry. (Also change 'store' to 'story'...)
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Russia already has the technology to do better than they are doing today in the consumer/civilian transportation market.
Like the old farmer is repudiated to have said "I already know how to farm better than I do".
And I dont think we will lose any crucial technology in letting GM snuggle up with our Russian gospodins.
Where we will lose is in getting our government involved, starting importing CadZillacs from Russia at cheap prices, making the worst of a possibly promising situation.
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Not gonna happen. Can you name one GM European model that is currently imported into the US? GM Ford and Chrysler build vehicles in Europe for sale in the European market, not to export to the US. If they do use a European based chassis, the vehicle is made in the US because it costs more to make cars is the socialist countries of Europe than to built them in the US. That is why BMW and VW have established assembly plants in the US
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Ed Pawlowski wrote:

GM is going to catch up with Chrysler and Ford then.
1929 was the first year for Ford and Russia, GAZ built the Ford-a and AA both in Russia for them.
2006 Chrysler sold GAZ the entire assembly line with all tooling, stamping dies and spares for the Sebring/Stratus lines. The new GAZ Siber is the result.
--
Steve W.

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