Your tax dollars at work. GM building an assembly plant IN RUSSIA.

To find out what the rest of the world thinks about America and the Obama Regime, it is always a good idea to check foreign newspapers. I found this tidbit on the English version of Pravda. (That is the Russian state owned newspaper).

Want the story the "mainstream" American media isn't printing?
Here's one that made me laugh. LOOKS LIKE ROMNEY WAS RIGHT.
YOUR AMERICAN TAX DOLLARS HELPED BAIL OUT THIS COMPANY

http://english.pravda.ru/news/business/13-06-2013/124829-opel_corsa_bela...

GM to assemble Opel Corsa in Belarus

13.06.2013 | Source: Pravda.Ru

The US-based company General Motors (GM) expects to establish an assembly plant for the production of its vehicles in Belarus.

A corresponding agreement was signed at the meeting of Deputy Prime Minister of the Republic of Belarus, Pyotr Prokopovich, and President and Managing Director of GM Russia and CIS, James Bovenzi.

According to the Belarusian state television, the assembly of vehicles is to be arranged at the Belarusian-British joint venture Unison. The company will produce Opel Corsa cars both for the domestic market and for the markets of Russia and Kazakhstan. First vehicles will be ready in the spring of 2014. The expected production volume is to make up nearly 7,000 cars a year.

No votes yet

It reminds me of the recent ads that make it look like the Fiat 500 is driving through the Atlantic from Italy to U.S. shores. Just a little problem--Fiat 500s are built in Mexico!

Remember when Obama was spending our money to "save" the UAW auto companies, and we were told that they would be making cars that would be sold throughout the world? He forgot to tell us that these cars wouldn't be assembled in the U.S.

Here's why:

-Belorus is not Russia. It's a completely different country.
-They're assembling knock-down kits, not full cars.
-If GM went into Chapter 7 bankruptcy, there would be 0 Opel Corsas built.
-Superminis like the Corsa are always cheaper to build near the target markets.
-Belarus has a free trade agreement with Russia, a country where GM sales are rising.
-Your mother drank while you were in her womb.

There's a city full of walls you can post complaints at

He can't help it. Low IQ plus he was sexually abused by his mother till he was 25. Mitt Romney is his idol. Need I say more?

Here's two more Obimbo leg humping yappy dogs whoring themselves out for their massa.

Where do you two Union butt kissers think the money to build a factory in a foreign country came from?
THAT MONEY FOR BUILDING A FOREIGN PLANT WAS STOLEN FROM DELPHI RETIREES to create jobs OVERSEAS.

Don't blame me,
I didn't vote for a
socialist.

THERE IS NO NEW GM PLANT IN BELARUS! Read the article you posted. GM is sending CKDs to a local manufacturer who already has an assembly plant online, not building a plant in Belarus.

Should GM Europe decide to build a plant somewhere, the money wouldn't come from Delphi retirees because Delphi and GM were separate companies when Delphi went bankrupt. Or to put it another way:

Are you done embarrassing yourself?

There's a city full of walls you can post complaints at

It's precious how Willard is propping you up.

From Automotive News
http://www.autonews.com/article/20110510/OEM02/110519986#axzz2WFVnA8Cy
Former GM execs sue to recoup retirement benefits cut during bankruptcy

Automotive News
May 10, 2011 - 2:55 pm ET -- UPDATED: 5/10/11 4:12 pm ET
DETROIT -- More than 100 former General Motors executives have sued the automaker in federal court to recover pension benefits reduced during the automaker's 2009 bankruptcy.

The retirees are trying to recoup all benefits, in addition to interest, and asked the court to order GM to accurately pay future retiree benefits, The Detroit News reported today.

The lawsuit was filed Monday in U.S. District Court in Detroit.

Direct from the US Government Accounting Office July 10,2012
http://www.gao.gov/products/GAO-12-909T
"The termination of the six defined benefit plans the Delphi Corporation (Delphi) sponsored, and the provision of benefit protections to some Delphi employees but not others, culminated from a complex series of events involving Delphi, the General Motors Corporation (GM), various unions, the U.S. Department of the Treasury (Treasury), and the Pension Benefit Guaranty Corporation (PBGC). When Delphi spun off from GM in 1999, three unions secured an agreement that GM would provide a retirement benefit supplement (referred to as "top-ups") for their members should their pension plans be frozen or terminated and they were to suffer a resulting loss in pension benefits. These three unions were: (1) the International Union, United Automobile, Aerospace, and Agricultural Implement Workers of America (UAW); (2) the International Union of Electronic, Electrical, Salaried, Machine and Furniture Workers, AFL-CIO (IUE); and (3) the United Steelworkers of America (USWA). No other Delphi employees had a similar agreement to receive a top-up, including salaried workers and hourly workers belonging to other unions. Over the course of events that unfolded over the next decade, the agreements with these three unions ultimately were preserved through the resolution of the bankruptcies of both GM and Delphi. Because Delphi’s pension plans were terminated with insufficient assets to pay all accrued benefits, and because PBGC must adhere to statutory limits on the benefits it guarantees, many Delphi employees will receive a reduced pension benefit from PBGC compared with the benefits promised by their defined benefit plans. Those Delphi employees receiving the top-ups will have their reduced PBGC benefit supplemented by GM while others will not."

http://michellemalkin.com/2012/06/12/finally-delphi-workers-break-throug...
"Delphi Salaried Retirees Receive 62,000 Pages of Documents from Pension Benefit Guaranty Corporation in Lawsuit"

"Emails and reports finally released 20 months after federal judge first ordered PBGC to participate in lawsuit’s discovery phase. PBGC states it will produce a second batch of documents by end of June"

"Retirees believe Obama’s Auto Task Force directed PBGC to unjustifiably and illegally terminate pension plan in 2009"

"Government officials’ refusal to disclose how decision was made ignores Obama directive that “transparency and the rule of law will be the touchstones of this presidency.” "

Release Date: Monday, June 11, 2012

WASHINGTON, D.C. — Twenty months after Federal U.S. District Judge Arthur Tarnow ordered in September 2010, that salaried retirees of auto parts maker Delphi Corp. were entitled to conduct discovery in their lawsuit against the Pension Benefit Guaranty Corporation, the PBGC on Thursday finally made its first document production, turning over approximately 62,000 pages of emails and documents. The pension agency said it would make a second production of a similar size by month’s end. The materials concern the PBGC’s 2009 termination of the pension plan of more than 20,000 current and future salaried Delphi retirees during the auto bailout, resulting in the reductions of earned pensions by as much"

Don't blame me,
I didn't vote for a
socialist.

Nothing you posted challenges the following facts:

-GM did not steal pensions from Delphi retirees.
-GM is not building a plant in Belarus or Russia.
-You read at a 2nd grade level.

There's a city full of walls you can post complaints at

I'm not propping anyone up. That person axed a question about why your so stupid. I was telling him the reason. He made you look like an ass. Once more you've been
 photo owned_zps2e1e42ae.jpeg

http://www.belarus.by/en/business/business-news/general-motors-eager-to-...

"Dmitry Yegorov said: “An important document of strategic importance for the development of our enterprise has been signed today. Apart from manufacturing Opel Corsa we are considering making a series of Chevrolet cars”. The Unison Director General said that they plan to make 4,000-7,000 cars per annum. The company has vowed to focus on offering a competitive car that will be interesting to consumers."

"In line with the document that was signed on 13 June Unison will buy, install, and tune the equipment needed to start assembling the new model with direct involvement of General Motors specialists. Unison specialists will also be taught manufacturing and quality control guidelines used by General Motors factories across the globe."

Don't blame me,
I didn't vote for a
socialist.

http://www.delphisalariedretirees.org/delphi/

Instead of re-posting your stock answer of " Did not" without any reasoning, how about you explain why Delphi is suing over loss of their retirement investments.

Congressional Field Hearing - Unequal Treatment of Retirees

Updated Thu 2013-06-13 17:34 EDT
Published Mon 2013-06-10 12:49 EDT

House Committee on Oversight and Government Reform
Subcommittee on Government Operations
Chairman John Mica (R-FL)

The Delphi Pension Bailout: Unequal Treatment of Retirees
Field Hearing – Monday June 10, 2013
Sinclair Community College in Dayton, OH

Over 250 retirees and family members attended the hearing from Florida, Indiana, Kentucky, Michigan, New York, Ohio, Pennsylvania, Virginia and Wisconsin.

After the hearing Chairman Mica was contacted by Warren TribToday and confirmed he intends to seek subpoenas of the records: Chairman Mica said "I will not permit any further foot dragging and we are going to talk to the people who were involved."; also said he wants testimony from people who were named in documents but whose information was redacted, saying if they won't testify voluntarily, they should face subpoena. "I think the whole thing has dragged on for far too long," Mica said. "They have used government money in an inappropriate manner, and I think we have got to get to the bottom of it and see what remedy can be available."

And from The Oakland Press
"In May 2009, the PBGC met with U.S. Treasury Department, Delphi Corp., GM and United Auto Workers representatives to come to a mediated settlement on the GM and Delphi bankruptcies and their impact on pensions."

"Delphi salaried retirees were not represented during the discussions. GM basically washed its hands of the matter, saying the company had left Delphi a fully-funded, $2 billion pension fund when it spun off Delphi in 1999."
http://www.theoaklandpress.com/articles/2012/03/08/business/doc4f5943554...

And from the Federation Of American Scientists webaite...
"In 1999, GM and some unions representing Delphi workers negotiated an agreement as part of the spin-off. GM agreed to provide the workers covered by the agreements the difference between the benefits earned under the plan and the maximum that the PBGC would pay if the pension plans were terminated. Some union workers and the non-union-salaried employees of Delphi did not have such a “top-off” agreement. Some contend that GM honored the top-off agreement under pressure from the Presidential Task Force on the Auto Industry and that the Delphi pension plans were terminated to facilitate restructuring in the auto industry. A group of former Delphi salaried employees has filed a lawsuit against the PBGC"
http://www.fas.org/sgp/crs/misc/R42076.pdf

AGAIN, your mindless stock answer of "DID NOT" is not an answer, It is a childish response from a 1st grader. Tell the world why Delphi retirees are suing to recover their retirement.

Don't blame me,
I didn't vote for a
socialist.

Instead of re-posting your stock answer of " Did not" without any reasoning, how about you explain why Delphi is suing over loss of their retirement investments.

My stock answer is "You need to read the articles you post because failing to do so makes you look retarded." Delphi isn't suing anyone. Some of the Delphi retirees (union and non-union) weren't smart enough to negotiate a minimum retirement compensation level, so they got screwed. Sucks to be them, but they should have negotiated for retirement guarantees instead of higher wages. However, this has nothing to do with assembling knock-down kits in Belarus for export to Russia.

There's a city full of walls you can post complaints at

My stock answer is "I convinently posted links and exerpts from the Delphi lawsuit regarding how DELPHI SALARIED RETIREES HAD THEIR RETIREMENT PENSION REVOKED ILLEGALLY DURING THE GM BANKRUPTCY.
http://www.delphisalariedretirees.org/delphi/index.php/what-we-are-fight...

Stop running in circles and EDUCATE YOURSELF. Read before vomiting up your Union Shop Steward supplied talking points. Grow a back bone and step away from the herd for a second. Find out what other people, besides your bowling buddies, Union Brothers and Willard are learning. DELPHI SALARIED RETIREES HAD THEIR RETIREMENT SAVINGS STOLEN. No matter how many times you stomp your feed and screech "DID NOT", the fact remains. DELPHI SALARIED RETIREES HAD THEIR RETIREMENT SAVINGS STOLEN.

The proof is all over newspapers and the Internet.

HERE is what the Delphi Salaried Retirees lawsuit is about IN SHORT CONCISE STATEMENTS that even a mindless drone Union hack like yourself should be able to understand (assuming you actually have an 8th grade reading level and can remove your head from your ass).

What We Are Fighting For!
Updated Sat 2013-05-18 15:48 EDT
Published Fri 2013-01-11 21:00 EST

"We are fighting to restore the full pensions we earned and are entitled to, including any supplement, and complete reimbursement of the amounts our pensions have been reduced, retroactive to when the plan was improperly terminated by the PBGC, as well as full recovery of our legal costs."

"Simply put, the federal government broke the law. The involuntary termination of our pension plan by the Pension Benefit Guaranty Corporation at the direction of U.S. Treasury during its management of GM's bankruptcy followed an illegal process."

■Because we had no representation in the closed-door negotiations, legal protections normally available to pensioners were skirted.

■Liens on Delphi property that could have protected our pensions were surrendered by the PBGC for minimal value.

■The PBGC claimed in 2009 that it had to seize our salaried pension plan, because the plan was "severely underfunded," but an independent study by the respected actuarial firm Watson Wyatt -- information available to the PBGC at the time – indicated that the plan was very adequately funded when it was terminated. After reviewing the Watson Wyatt report, a second actuarial firm, Wells Fargo Company's BPS&M, has since noted that the salaried plan funding level was not only a healthy funding level, but was actually better funded than the average of the 100 largest private pension plans in the United States.

Moreover, what happened to us was unfair: our hourly counterparts represented by the most powerful unions were chosen to be made whole on their pensions and receive monthly "top-ups" from GM (funded by federal taxpayers' TARP dollars).

What happened to us was inequitable: we are the ONLY auto retirees, hourly or salaried, to have worked two thirds or more of our careers for a "Big Three" company to have lost our pensions – in our case up to 70% or more – AND lost 100% of our health care coverage, AND lost 100% of our life insurance.

Life may not treat people fairly and equitably in all cases, but adherence to the law DOES apply to everyone ... even government officials. That's the heart of our lawsuit, and we will never, never, never, never give up until our pensions are rightfully restored.

We will expose all who broke the law if our lawsuit results in a motion for summary judgment or a trial. And we are confident that justice will prevail.

http://www.delphisalariedretirees.org/delphi/index.php/what-we-are-fight...

Don't blame me,
I didn't vote for a
socialist.

My stock answer is "I convinently posted links and exerpts from the Delphi lawsuit regarding how DELPHI SALARIED RETIREES HAD THEIR RETIREMENT PENSION REVOKED ILLEGALLY DURING THE GM BANKRUPTCY.

Bueno for you! You're one step ahead of Fred and DTOM since you can post links, but don't get excited because it's a baby step at best. Please show how the money "GM stole from Delphi pensions" is being directly used to build a nonexistent GM plant in Belarus.

HERE is what the Delphi Salaried Retirees lawsuit is about IN SHORT CONCISE STATEMENTS

And yet you don't seem to understand that what you post contradicts your statement that GM stole the pensions from Delphi. GM never took anything from the Delphi pension plans, but they did continue to fund the pension plans of hourly workers of three separate unions because of a pension top off agreement made during the Delphi spinoff. In September 2009, GM agreed to continued to continue the top offs for the workers that were covered by the earlier agreement. GM never agreed to expand the top off agreement to previously exempt union members and salaried workers.

So now we've established that there was no money stolen by GM from Delphi pensions and that Delphi pension plans cost GM a significant amount of money. Feel free to stop ranting about how GM "stole pensions from Delphi employees", because it's a bald-faced lie.

There's a city full of walls you can post complaints at

What gets me is the unions won't bitch, because the One refuses to try to block the move. Glad to see the country is being run by a "jobs" president who tells the unions when to raise hell, and when to look the other way.

I think we should nationalize all the manufacturing plants in the United States run by foreign companies and send them packing.

http://online.wsj.com/article/SB1000142412788732337250457846858243534721...

How many BILLIONS of taxpayer dollars did the Chinese Government give to General Motors?

How many Americans does the American company, GM, employee in China? It this really what the bail out was for?

Why is GM BUILDING A PLANT IN CHINA besides to make the GM Management RICHER?

SHANGHAI—General Motors Co. said its Shanghai GM joint venture received permission from Chinese authorities to build an eight billion yuan ($1.3 billion) factory to manufacture its Cadillac brand, boosting the auto maker's ambition of becoming a larger player in China's booming luxury-car market.

This is in addition to the 4 NEW ASSEMBLY PLANTS GM is already building IN CHINA

From the Freep article:
SHANGHAI — General Motors plans to open four new assembly plants in China by the end of 2015, export more vehicles from China and grab market share in the SUV and luxury segments, executives said."
http://www.freep.com/article/20130420/BUSINESS01/304200090/GM-to-open-4-...

CHINA SAYS, THANKS FOR THE BAILOUT YOU STUPID AMERICANS.

Don't blame me,
I didn't vote for a
socialist.

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.