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This is really good. He doesn't talk about corvette specifically, but some info pertains directly. This should answer the debate on few things like coolant temp. I also learned GM is owned by China.
This is really good. He doesn't talk about corvette specifically, but some info pertains directly. This should answer the debate on few things like coolant temp. I also learned GM is owned by China.
GM is NOT owned by China. That old tale has been debunked for years. 🙄
GM is owned by US Institutional Investors, like most other US Companies. Pension Funds, Investment Firms, etc.
Bill
I think it might look like GM isn't owned by SAIC-GM on the surface, but in reality it is. I'm not saying for sure, but there are other videos that cleanly explain when and how this happened. I'm not interested enough to verify it, but it doesn't seem crazy and GM would be stupid enough to do it.
GM, once the largest corporation in the history of the planet earth, went bankrupt and out of existence. A new company bought their logos and stuff and continued on after normal people who owned stock in GM saw the value of their "investment" go to zero. Not a bad outcome for those of use who bought awesome corvettes from the new company which bought the original company's logos.
I think it might look like GM isn't owned by SAIC-GM on the surface, but in reality it is. I'm not saying for sure, but there are other videos that cleanly explain when and how this happened. I'm not interested enough to verify it, but it doesn't seem crazy and GM would be stupid enough to do it.
Ownership is the wrong word. GM gets significant engineering work, volume and profit from China which is all through GM-SAIC and GM-SAIC-Wuling which GM owns 50% in one and 44% in the other. The brands Baojun and Wuling are entierly sold by GM-SAIC-Wuling. But the real reason a lot of engineers say "ownership" comes from China is that a lot of what was global platform work was done there after previously being done in Korea (by what used to be Daewoo cars).
Development at GM has been quite convoluted over the years with Opel making a lot of the platforms in the late 90's and early 2000's (the original Delta, Epsilon and their SUV variants like Theta all begain in Europe as Opel and Saab platforms). During the 2008 crisis this was already waning. The Cruze for example, and the Malibu of 2013 are 100% on Korean based platforms (The Cruise was J200, the Malibu was the V300 in international markets before GM standardized on D1XX and E1XX for those platforms). After GM pulled back from Korea and sold Opel all the "small car" engineering moved to China. Buick is designed with China first in mind and most models are not built in the US and are engineering in China (Envision is built in China, Encore and Envista built in Korea). The small Chevrolets are al built in Korea (Trax and Trailblazer) and are mostly engineered in China.
Australia used to entirely own the mid-size truck platform 31XX (and Zeta before it), but that has since transitioned to Warren. The Corvette, Alpha (and previous Sigma), C1XX, T1XX, K2XX are all engineered in Warren and always have been. Those products sell 90%+ volume in Canada and the US. D2UX (Equinox and Terrain) are weird, they are based on D2XX but the SUV specific engineering was done in Warren.