General Motors announced on Friday that it will be setting up a new headquarters in Shanghai, China. The announcement of the new headquarters reflects the importance of the Asian market – particularly China – to GM’s global operations.
The decision to setup shop was a rather easy choice for General Motors as the Asian market is quickly becoming one of the automaker’s biggest money makers. China overtook the United States as the world’s largest auto market on a monthly basis in January and is expected to hold on to the full-year title. China is currently outselling the U.S. by about 1.5 million units, according to The Detroit News.
The announcement of the headquarters likely indicates a further expansion of GM’s relationship with China’s SAIC. GM and its China-partner SAIC remain one of the most successful auto ventures in the highly lucrative China market.
The decision also indicates a new way of thinking at GM. The decision process literally took minutes whereas the old GM would have likely drawn the process out for several months. “It didn’t take us more than about a minute to decide where it should be,” Nick Reilly, GM executive vice president and new head of international operations, told The Detroit News.
10/30, 10:22 AM
posted by:
leftwingagenda
don’t you dare post something positive with respect to GM, LLN, you know better…this will only lead to very bad things…
10/30, 10:30 AM
posted by:
johnnycanuck
Good morning leftwing. It’s still dark here… I’ll let you know when it’s sunny in my world a bit later on.
10/30, 11:20 AM
posted by:
Praetor
Prediction: Need More Oil will not post anything here.
Why?: Because he doesn’t even know where Shanghai is…or why China is GM’s last hope?
Hey Needy, why would an American Revolution need to set up shop in China, yes, communist China, if we Americans really wanted to buy their crap? Don’t think too hard now…you might blow out your blowhole.
10/30, 11:20 AM
posted by:
leftwingagenda
i just had an bagel sandwich w/egg, ham and swiss, and i’m sipping a nice coffee blend with a hint of hazelnut…it’s raining outside, but i’m doin’ good…grab some coffee, the day will get brighter…
10/30, 12:48 PM
posted by:
ajm11
Johnnycanuck – Go over to Timmes and get a nice double double and a bagel belt and your day may improve.
10/30, 1:13 PM
posted by:
JSi
bromance..
10/30, 1:15 PM
posted by:
johnnycanuck
lol…
10/30, 1:30 PM
posted by:
zfenderguy
GM – A Chinese Revolution
10/30, 1:33 PM
posted by:
Borat
Could they move the rest of the circus called GM there? Maybe Chinese commies will pay their salaries and bonuses. I even through in Geitner as a freebie and his automotive experts.
10/30, 1:46 PM
posted by:
johngalt
Guy calling himself ‘leftwing’ and drinking a hazelnut coffee… Who’d a thunk it?
10/30, 1:48 PM
posted by:
johngalt
Your prediction’s probably accurate, Praetor, but not your reasoning. That guy was a prime candidate for natural selection, and perhaps nature has taken its course.
10/30, 2:04 PM
posted by:
Smegley Wanxalot
Govt Motors in Shanghai already has its own website … http://shanghai.usembassy-china.org.cn/
10/30, 2:04 PM
posted by:
leftwingagenda
oh shush, johngalt, you’re not fooling me…making comments like that while probably wearing a spandex t-back under those khakis!
10/30, 2:24 PM
posted by:
johngalt
Is it Friday already? Liberals just can’t keep secrets, can they? Now I have to change my username. Thanks a lot, lwa.
10/30, 4:48 PM
posted by:
leftwingagenda
it’s true, i share my love very liberally…on monday when i’m getting comments by “spandex t-back”, though, i’ll know it’s you!
10/30, 5:24 PM
posted by:
johngalt
Actually, I was thinking of changing it to “leftwingagenda’sbitch.”
10/31, 12:47 PM
posted by:
ConceptVBS
GM – A Chinese Revolution
10/31, 11:41 PM
posted by:
Kanucko
Nice. GM’s next president should be Chinese. Soon all their cars will probably be designed there as well. Then manufactured as GM sells out to the Chinese.