• May 20, 2006

Despite being well positioned as China's number one automaker, General Motors appears to be looking its rearview mirror. Rival Toyota was slow to get started in the world's fastest growing automotive marketplace, but the manufacturer is rapidly picking up speed.

As it stands, Toyota had but a 3.5 percent share of the Chinese market in 2005, but the automaker is keen on expanding its presence. To that end, it has built a new $475 million factory in Nansha, and hopes to capture 10 percent of the market by 2010. As part of its bid to control costs, Toyota expects to buy most of its parts regionally for the Camry sedan it will build in the new facility. It now has 12 plants in China for parts and vehicle assembly.

[Sources: Associated Press via Leadingthecharge.com; Toyota]



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    • 1 Second Ago
  • 7 Comments
      • 8 Years Ago
      Where I am in China I have seen a large increase in Toyota & Honda vehicles. The Toyota Crown & Reiz are being well received as a premium vehicles.
      I don't see many new GM models, just a few Chevys. I have only seen two new Buick models.
      • 8 Years Ago
      Who? LOL!
      • 8 Years Ago
      The UAW is in China - it's the government!

      Stoneman

      http://www.stonemanautoreview.com
      • 8 Years Ago
      Import culture grows up from a diminishing gang of thugs to a thriving network of enthusiasts...
      • 8 Years Ago
      The Japanese will be handicapped in China because the Chinese have negative WW2 memories of the Japanese. If the Japanese stumble in China, it will be the Japanese' own fault.

      Chinese WW2 memories of the US and Germany (yes, Germany) are positive and give these two sources of business a boost. In WW2, Germany actually helped China to some extent. US WW2 policies towards China, on the other hand, were somewhat two-faced, bitter-sweet.
      • 8 Years Ago
      and you are nuts.
      • 8 Years Ago
      At least you can't blame the UAW for GMs problems in China