• Jul 10, 2009
General Motors boasted in April that it would double sales in China by 2013 with the introduction of 30 new or upgraded models over the next five years.
Last month, GM forecasted that its vehicle sales in China would grow 10 in 2009.

While the rest of the global automotive industry is stuck in a rut, the emerging Chinese market seems largely unaffected by stagnant North American sales or GM's bankruptcy filing in early June. As of now, China is the company's second largest market (thanks in part to their insatiable appetite for Buicks).

[Source: Automotive News - Sub. Req.]


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  • 14 Comments
      • 5 Years Ago
      They wasted that 500 million better off opening that plant in China, even though GM is doing right thing putting all its focus on worlds largest automotive market.
      • 5 Years Ago
      GM's expecting sales growth of 20% in China? Isn't EVERY automaker expecting double digit sales growth in China? VW was already up 6% in the first quarter of this year.
        • 5 Years Ago
        I'm assuming you mean that sales from Q1 2009 are 6% higher than Q1 2008. If they keep up that same pace (Q2 2009 up 6% over Q2 2008, Q3 2009 up 6% over Q3 2008, Q4 2009 up 6% over Q4 2008), that will equal.... 6% annual growth.
        • 5 Years Ago
        @ alex - I'm not sure if you actually read my post or are just feeling cantankerous so i'll quote it for you:

        'VW was already up 6% in the first quarter of this year."

        That's 6% in Q1, the first quarter. Quarters containing four parts, which combined will give us the growth for the entirety of 2009. FAW-VW sales were already up 21% for the year as of this week, though I'm still waiting for VW's press release and not Chinese media. Which is why i quoted the 6%, for the first quarter.

        It might be time for you to get some coffee.
        • 5 Years Ago
        @ alex - I'm not sure if you actually read my post or are just feeling cantankerous so i'll quote it for you:

        "FAW-VW sales were already up 21% for the year as of this week, though I'm still waiting for VW's press release and not Chinese media. Which is why i quoted the 6%, for the first quarter. "

        I see no reference to future quarters sustaining the exact same growth with no increase. I do read that we're already seeing reports that VW has already eclipsed 20% as of this month for the year.

        Go get that coffee!


        • 5 Years Ago
        You made a point and then discredited it yourself... The 6% growth you say VW has seen is clearly not double digit growth.
      • 5 Years Ago
      This is probably the number one reason for keeping the Buick brand.
        • 5 Years Ago
        It was likely the only reason.
      • 5 Years Ago
      With every major automaker, plus domestic Chinese automakers, ramping up production, all looking "for double digit growth", how long before an overcapacity of cars is created in China, major discounting begins and profit margins begin to tank?
        • 5 Years Ago
        While China has no CAFE/EPA, they do want to reduce their reliance on foreign oil and when the Chinese Communist Party decides on a plan it gets implemented rather quickly (see how fast their stimulus plan is working versus ours).

        China is already looking to expand the appeal of hybrids and fuel efficient cars through taxation.
        • 5 Years Ago
        Little to no CAFE to EPA crap? They have emissions rules there too you know. Including the kind where you can only drive your car on certain days because the smog is so bad.
        I think that might qualify as being a wee bit more restrictive than requiring a catalytic converter.
      • 5 Years Ago
      The only hope GM has,
      "GM is spending 5 billions $ on new plants in China and the huge design studio
      but the only investment in the state is arround 500 million $ on small car plant in Michigan in next couple years."
        • 5 Years Ago
        Could it be that GM already has most of the plants that it needs in the US already up and running?
        • 5 Years Ago
        GM is closing plants,right? for now the us doesnt need that much i guess
        GM is losing what theyrhaving
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