Skip to content

🚗 Your People Are Here. Get In.

The internet is full of car content. This is the community.

Cheers & Gears has been bringing enthusiasts together since 2001. Join the conversation, show off your garage, and find your people.

Ford and GM To Export $1.8 Billion in Vehicles and Parts to China

Featured Replies

Date posted: 06-17-2008

WASHINGTON — Executives of the Ford Motor Company and General Motors on Monday signed deals with China government representatives aimed at sending more than $1.8 billion worth of U.S.-made vehicles and parts to the automakers' joint ventures in China.

The two Detroit-based automakers in recent years have been aggressively buying components from China to help reduce their production costs in North America. The new deal will see products — and revenues — flow in the other direction for a change.

Ford said its agreement calls for the export of more than 30,000 North American-built vehicles to China, beginning in 2009. Ford also will send transmission components to Changan Ford Mazda, based in Chongqing.

GM said it will ship $1 billion worth of vehicles — including some Cadillac models — as well as components, machinery and equipment to its Shanghai GM joint venture between 2008 and 2010.

Shanghai GM has been exporting V6 engines to North America for installation in the Chevrolet Equinox since 2004.

What this means to you: The latest deal will barely put a dent in America's burgeoning trade deficit with China. — Paul Lienert, Correspondent

http://www.edmunds.com/insideline/do/News/articleId=127287

What this means to you: The latest deal will barely put a dent in America's burgeoning trade deficit with China. — Paul Lienert, Correspondent

Gotta love the optimism... :rolleyes:

The US export sector has been booming recently--not much coverage of that in the press.

Join the conversation

You are posting as a guest. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

Latest News

Who's Online (See full list)

  • There are no registered users currently online

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.

Account

Navigation

Search

Search

Configure browser push notifications

Chrome (Android)
  1. Tap the lock icon next to the address bar.
  2. Tap Permissions → Notifications.
  3. Adjust your preference.
Chrome (Desktop)
  1. Click the padlock icon in the address bar.
  2. Select Site settings.
  3. Find Notifications and adjust your preference.