The "NEW" GM

IMO, the report is missing the point.
GM saw an opportunity - to sell a vast number of vehicles to a huge emerging market. Somebody was going to be selling a lot of cars over there, why not GM? How is this any different than Honda, Toyota et al selling their vehicles in the U.S. market and eventually building them here? Don't most of the profits come back here to the U.S.? GM's partnership with the China companies has allowed them to have modern up-to-date vehicles that compete on a world-class level. Without GM the country wouldn't have been able to meet demand, and the cars would have been crap.

GM is investing overseas in China because it's a good business decision, period.