It was reported earlier this month that GM is looking to import Chinese-made subcompact cars to the United States. The Detroit automaker had planned to export more than 51,000 vehicles from China by 2014. Yes, that had the UAW up in and arms and now, as a part of its concession deal with the UAW, GM has agreed not to import “made in China” cars.
Union President Ron Gettelfinger said that GM will build up to 160,000 units of subcompacts per year at an existing U.S. facility and will sell them in U.S.
New concessions by the UAW, which include freezing wage, cutting bonuses and reducing break time, will save GM more than $1 billion a year.
UAW members are scheduled to finish voting on the new deal by 4 p.m. today.
– By: The Daily Auto Editor
Source: Free Press