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.
Showing posts with label exports. Show all posts
Showing posts with label exports. Show all posts
Wednesday, May 20, 2009
Monday, April 20, 2009
Aventure Aviation Named Top Exporter in Southeast
Aventure Aviation, a supplier of aircraft parts headquartered in Peachtree City, has been selected by the US Small Business Administration as the winner of the 2009 Exporter of the Year for Georgia and Exporter of the Year for the Southeast US.
The Exporter of the Year award is presented to companies based on the total number of export deals completed in 2008, increase in sales in 2008 compared to previous years, exports as percentage of total sales, the company's commitment to exporting and to customer service, and the company's innovation and originality in marketing their products or services.
Aventure has grown substantially since its formation in 2001 when it began with only one international account and three staff members. Today, exports account for over 90% of its sales and Aventure has increased its staff to thirteen employees. To accomodate this growth, in June 2008, Aventure Aviation expanded and moved into their new custombuilt facility on six acres in Peachtree City, GA, located in the Foreign Trade Zone.
To view the full article on Aventure Aviation, visit The Citizen.
The Exporter of the Year award is presented to companies based on the total number of export deals completed in 2008, increase in sales in 2008 compared to previous years, exports as percentage of total sales, the company's commitment to exporting and to customer service, and the company's innovation and originality in marketing their products or services.
Aventure has grown substantially since its formation in 2001 when it began with only one international account and three staff members. Today, exports account for over 90% of its sales and Aventure has increased its staff to thirteen employees. To accomodate this growth, in June 2008, Aventure Aviation expanded and moved into their new custombuilt facility on six acres in Peachtree City, GA, located in the Foreign Trade Zone.
To view the full article on Aventure Aviation, visit The Citizen.
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