Q: Is General Motors becoming ‘China Motors’ using taxpayer dollars?
A: No. The restructured GM is still based in Detroit and is still one-third owned by the U.S. government. But it sells nearly as many cars in China as in the U.S. and has continued expanding operations there.
How much of this is true?
The narrator, a man who gives his name as Vince Wade, asks: “Did we bail out GM so that it could become a Chinese company?”
It’s a fair question. The short answer is, “No.”