Bye, bye American middle class pie…
It is the latest transfer or growth limitation of white-collar professional salaried jobs from GM, the U.S. taxpayer controlled company, to businesses operating in the world’s largest auto market, which is strictly regulated by the Chinese Central government in a successful jobs creation program that requires local partners and onshore investment as the price of doing business.
“Our goal from the beginning was to make this a world-class facility. The greatest beneficiary will be our customers, who will receive even higher-quality vehicles that are equal to those built and sold anywhere else in the world,” said Kevin Wale, president, GM China, and chief country operations officer, China, India and ASEAN.
