GM Plans to Export Cars from China to the US

General Motors (GM) is planning to build cars in China and import them into the United States, a strategy that could trigger further job losses and union anger in the US. This plan to shift a greater proportion of the struggling car maker's production overseas is still being negotiated with US politicians, who have already lent GM $15.4 billion in order to keep it afloat and safeguard its 90,000 US workers.

However, a spokesman for GM in Shanghai said it was "only a matter of time" before vehicles made in China are imported into the company's home market, in another blow to the US car industry. After losing $6 billion in the first quarter, GM has slashed its global production by 900,000 vehicles. Around 13 assembly plants will be affected by shutdowns in the US. The company have a June 1 deadline to complete a restructuring or follow Chrysler into Chapter 11 bankruptcy.

To read more, please visit the Telegraph.