GENERAL MOTORS OPENED A NEW PLANT LAST WEEK IN CHINA

While asking US taxpayers for money, GM is opening a new plant in China.Why not transfer some of the profits from China to the US operations? The joint venture plant will open in Shenyang City and will mass produce the compact Chevrolet Cruze.
This is a pledge to grow operations in China, stated Kevin Wale, president of GM China Group. This is the second plant to open in China. The first plant makes the Buick GL8's and the Buick FirstL and executive wagons.

ARE BIG CORPORATIONS CANCELLING THEIR ENDORSEMENTS

GM has cancelled their endorsements with Tiger Woods. Woods was representing the Buick line. The contract was for 8 million dollars a year. The endorsement has lasted for 9 years.

I wonder what's in store for the other athletes ? Are there endorsements spared or will they be cancelled.

G M PLAYING GAMES WITH THEIR CUSTOMERS

General Motors Acceptance Corporation, which is an arm of General Motors, is playing games with their customers. Persons who are paying mortgage payments to GMAC Mortgage are in limbo.

The company has been sold to Midland Mortgage Company. A letter was sent out that explained the situation. The people have been told to make their payments payable to Midland Mortgage Company . The letter stated the address would be enclosed when it was not.

There was a phone number for Midland, but the recording said not to call and do not send them mail because it will take two weeks to get all information on new customers. They said they do not take checks or credit cards. What are the customers to do ? By the time the customers know where to send their payments, there will be a late fee to pay.