Gm Sees Bright Future with China: Demand to Increase
Charleston Daily Mail › May 18, 2011
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Summary
SHANGHAI - On summer holidays here, Chinese are increasingly jumping into their cars and engaging in what was once considered a quintessential American pastime - the road trip. And that's great news for U.S. automaker General Motors, which has ridden the booming Chinese auto market to recover from bankruptcy and now sees mostly a long open highway to bigger profits ahead.
With a mix of high-end Buicks, minivans and low-end Chevrolets, GM has emerged as one of the top sellers of passenger cars in the world's largest automobile market, surpassing Toyota this year and second only to Volkswagen.See the full content of this document
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Gm Sees Bright Future with China: Demand to Increase
In what was seen as a turning point for the company, GM last year sold more cars in China than in the United States, and the gap is expected to widen as an increasing number of Chinese grow rich enough to purchase their first car.
By contrast, Ford and Chrysler are relatively late coming to the China market...See the full content of this document
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