For the first time ever, GM is expected to sell more than one million cars in China on the heels of strong new car demand. This now makes China General Motors’ second biggest market, trailing only the U.S. in sales. Profit from China alone should top $230 million for GM.
This is just a hint at the growth potential for GM in Asian markets. According to GM executive Fritz Henderson, there is still a lot of growth potential in Korea, Taiwan, Malaysia, Thailand, and India, especially as GM expands their operations into these countries. It’s quite possible that within the next decade, Asia could surpass the U.S. as GM’s largest market.
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08/09, 9:25 AM
posted by:
masteryoda83
and everyone says GM doesnt make good cars….
they must be crazy
08/09, 9:45 AM
posted by:
Deanster
Chinese consumers don’t know a good from a bad car. All they know is “car” right now. Give them 10 years, and they’ll be whistling the same tune the rest as the rest of the world: German cars are amazing, American cars need work.
08/09, 9:45 AM
posted by:
Deanster
BTW, what’s that a shot of? Looks good.
08/09, 10:08 AM
posted by:
04focus
Riviera Concept?
Maybe why GM is doing so well in China is that the German and Japanese brands assembled in China are just as unreliable. More likely, though, Chinese consumers don’t have 30 years of anti-American automotive experience. Or that they missed out on the dark ages of the American auto industry.
08/09, 10:39 AM
posted by:
Jazz
Agreed Deanster, the Chinese are buying what’s available. Soon they’ll have their own infrastructure in place too build quality Chinese cars. Then GM will be left out in the cold. GM should capitalize on the now though and use that extra profit to shore up the business at home.
08/09, 11:07 AM
posted by:
jamaicandude
I agree with Jazz & Deanster. If you’ve got anything at all for sale, China’s the place to peddle your wares. Automakers ignore the Chinese market at their own peril. At least GM’s doing well there.
08/09, 11:16 AM
posted by:
odie
Deanster: As bad as it may sound the way you put it, I have to agree with you. Once there are enough variety of car brands out there, the Chinese consumers will decide what’s good for them, GM or not.
08/09, 12:15 PM
posted by:
RobCali
Agreed with Deanster.
08/09, 1:33 PM
posted by:
jackjimturkey
04focus, you’re right.
China is the place to think about. many people there don’t have cars, so it’s wide open.
Jazz: I think GM is in JVs, and that’s the way the Chinese auto industry is going
Odie: You’re also right.
08/09, 1:38 PM
posted by:
Commodore
Deanser, Jazz, Robcali, ect – Are you kidding me? Every automaker has pushed their cars in China. German cars ARE selling well in China, as far as I know VW is the number one foreign automaker in front of GM’s Buick. Have you seen the Buicks in china? The new Excelle and Chinese (not American) Lacrosse are just what a industrializing country like China needs at the moment. You’re critizing GM based on nothing..no one knows what they will do in the next 10 years. They say they are taking the China market very seriously and I mean, why wouldn’t they? Look at the new Park Avenue and SLS (look them up on google or something), their interiors are perfect. And 04Focus, isn’t it time you get over the bad GM cars from 30 xxxxin years ago? Jazz, have you ever seen a picture of a Chinese car? How can you be talking about their “high quality”? Most are just plagerized off of GM themselves! They copied the Chevy Colorado and Pontiac Torrent for god sakes! Even i can admit that both those cars are CRAP. Lastly, who knows – the US might be in a Cold War with China in 10 years as they come closer to becoming a superpower, rather than just an overpopulated mess.
08/09, 2:29 PM
posted by:
Rompn4x
German cars are just expensive to repair. The quality gap is shrinking and the writing is on the wall.
08/09, 6:13 PM
posted by:
CTS DRIVER
Lastly, who knows – the US might be in a Cold War with China in 10 years as they come closer to becoming a superpower, rather than just an overpopulated mess.
Comment by Commodore, posted on August9 at 1:38 pm
.
commodore i like your thinking,i posted something similar on a cherry post and it blew up into a mess.
08/09, 7:19 PM
posted by:
1c3d0g
See? Even the Chinese realize American vehicles are superior. But apparently back home some so-called US citizens don’t feel that way. Too bad for them, they’ll have to learn to live with their ugly POS asian import.
08/09, 9:14 PM
posted by:
Elvio
Whoever agree with Deanster is native about Chinese….or I should say that you all are still living in the stone age.
08/09, 9:44 PM
posted by:
GMCsyclone#478
Agreed Commodore. Some guys will always look for the cloud in the silver-lining when it comes to positive news about domestic brands.
Buick is wisely (but rudely) sending products to China that are superior to those of its homeland’s versions. But i think we are getting some of them soon.
08/10, 2:50 AM
posted by:
AgmLauncher
I think GM has no choice but to focus hard in China and let its domestic brands slip a little. In the long run it might be more valuable for GM to be in China than in the US as China industrializes more. 1.2 billion people is a lot of market potential.
08/10, 10:08 AM
posted by:
BLISS
GENERAL MOTOR IS DOING WELL IN SALES…….GOOD FOR GM I HIOPE THEY CONTINUE ON THAT SAME POSITIVE LEVEL.
08/10, 11:04 AM
posted by:
jackjimturkey
agm: and a lot of people in this country already have cars and may or may not buy one in any given year. Lots of chinese have never had cars, but now have the money for them