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GM signs $800mil deal to send U.S.-built Buick Enclave to China

Posted Saturday, Jun 14, 2008 by mopoke

GM signs $800mil deal to send U.S.-built Buick Enclave to China

Amidst all the fury surrounding the UAW strike today, General Motors released a statement announcing an $800 million deal with its Chinese joint-venture company to supply the Chinese market with U.S.-built vehicles and components. It's the second such agreement GM has signed, the first being an agreement worth $700 million to supply Cadillacs and components to China signed back in May. The new agreement focuses mainly on the Buick Enclave CUV, which is built at GM's Lansing Delta Township assembly plant. One can't help but question the timing of this announcement as GM and UAW negotiators are back at the table this afternoon to discuss job security for the union's 73,000 members. There's little doubt now that UAW employees at the Lansing plant will be busy in the months ahead not only trying to meet demand for the Enclave in the U.S., but also producing the vehicle for export to China. We'll see as the day goes on if this agreement has any effect on negotiations, but there are a total of 59 plants operated by GM that use UAW workers. Securing work for just one of them probably isn't going to be enough.

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Tags: Buick, China, Crossovers/CUVs

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mopoke

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  • Gender: Male
  • Age: 27
  • Since: 11 May 2008
  • Last Login:3 Dec 2008

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