Tuesday, August 18, 2015

GM might import a Buick SUV built in China to the USA

CNN is reporting that General Motors may soon import a small SUV, the Buick Envision, from China to the United States. If that happens, don't expect the Obama administration to brag about it. The feds bailed out GM in 2009. Yeah, the onetime automotive behemoth paid back its loans, but taxpayers lost a whopping $10 billion on the deal.

Small SUVs such as the Nissan Note are widely expected to be a huge growth segment for the automotive industry--which makes me wonder why Detroit-based GM is once again caught flatfooted as the car market evolves.

I think I know the answer to my question.

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