Tuesday, July 31, 2012

Government Motors Lies

Is the Chinese operation part of GM or not. It depends. 
General Motors is changing its tune on its relationship with Shanghai GM, one of the company’s Chinese joint ventures.

Greg Martin, executive director of communications strategy for GM, told The Daily Caller in May 2011 that Shanghai GM “is a completely separate and distinct business entity based in China that has no organizational or financial ties whatsoever” with the Detroit car maker.

“It  is not GM,” Martin said then. “It is not GM money. And it is in no shape or form, or indirectly, taxpayer money.”

Now Martin is telling a different tale as his company reported record sales in China, where sales jumped 10 percent from last year.

“Shanghai GM is GM,” Martin told TheDC on Friday. “We make money, they make money.”
Martin said Friday he had “no idea” why the discrepancy between his statements exists, but said “I probably had a good riff going at the time.”

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