Polish Toledo

This blog is associated with www.polishtoledo.com

Thursday, September 20, 2007

GM's BIG Polish Deal

General Motors has announced plans to rebuild the FSO manufacturing plant in Poland and make it Europe's biggest Chevrolet producer with 400,000 vehicles built annually.




To complete the deal GM announced it paid $254.5 million for 40 percent of FSO shares. GM is also prepared to pay to the Polish government $192 million that the state invested into bailing out the FSO plant, after the South Korean Daewoo car producer went bankrupt in 2001, according to Rzeczpospolita.

How will they ever get those 40 inch wide Polish license plates attached to Polish built Corvettes?



Notice the Polish flag has been replaced by the EU circle of stars emblem. Kosciuszko must be rolling in this grave.

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