At a press conference on Saturday at the Shanghai Motor Show, General Motors announced plans to further expand its presence in the Chinese market. Among those commitments are plans to build four new plants by the end of 2015, giving the automaker the capacity to produce around five million vehicles a year in the country.
Though many may not realize the extent of it, the auto business has been booming in China for a while now. General Motors actually sells more vehicles there than they do in the States, and huge market growth in China has been crucial to the bottom lines of all the carmakers that do business there. But according to Fortune, these boon times may be coming to an end.
Electric vehicles are striving to have a beneficial impact on the world's economy and are stirring interest from specialized and general media outlets. Forbes, for example, has just published an article on how China is going to become or, we should say, needs to become the mecca of the Electric Car.
While Geely's logo isn't exactly iconic (ha ha), it's not nearly as bad or imitative as some we've seen out of China. In fact, it reminds us a bit of the old Plymouth logo. Nevertheless, the Geely folks think they need a new one and they're asking you, yes you, to design a new one. They're willing to award the best logo designer $257,000 for their work. There are some rules you need to follow, which are outlined in the press release after the jump. Not mentioned, though, is the company's new adv