GM Hits Million-Sales Mark in China

[BigPontiac]

Link to Article

GM Hits Million-Sales Mark in China

Date posted: 12-21-2007

SHANGHAI, China — When General Motors edged Ford Motor more than 10 years ago to become the preferred partner of Shanghai Automotive, critics maintained that it would take decades for GM to recoup its initial $3 billion investment in the Shanghai GM venture and the jointly operated Pan Asia Technical Automotive Center (PATAC). Turns out it only took a single decade.

In fact, GM's China operations have been profitable since the early years. And now, with SGM and PATAC marking their 10th anniversaries in 2007, GM has achieved an even more remarkable milestone: It has become the first global automaker to sell more than a million vehicles in China in a single year.

Sales have rocketed in the past five years. Back in 2002, the U.S. automaker felt fortunate to sell 100,000 vehicles in China. Since then, GM has invested another $3 billion in its China operations, including a stake in mini-vehicle manufacturer Wuling, which it operates in partnership with Shanghai Auto.

GM now assembles a broad range of vehicles in China and sells them under the Chevrolet, Buick and Cadillac brands.

What this means to you: No surprise that China has become Buick's most important market. — Paul Lienert, Correspondent

[VenSeattle]

Uhm... this means a lot more to the general reading public than that.

Lovely back-handed remark on a well-earned accomplishment.

[BigPontiac]

Autoblog has the GM press release posted about this now. link

[pow]

I believe it... I'm in Shanghai right now and there are tons of LaCrosses, GL8s, Excelles, Epicas, and the occasional SLS and Park Avenue. The Chinese LaCrosse and Park Avenue look better in person.. especially in black.

[VenSeattle]

I believe it... I'm in Shanghai right now and there are tons of LaCrosses, GL8s, Excelles, Epicas, and the occasional SLS and Park Avenue. The Chinese LaCrosse and Park Avenue look better in person.. especially in black.

Pictures please!

[Oracle of Delphi]

Link to Article

GM Hits Million-Sales Mark in China

Date posted: 12-21-2007

SHANGHAI, China — When General Motors edged Ford Motor more than 10 years ago to become the preferred partner of Shanghai Automotive, critics maintained that it would take decades for GM to recoup its initial $3 billion investment in the Shanghai GM venture and the jointly operated Pan Asia Technical Automotive Center (PATAC). Turns out it only took a single decade.

In fact, GM's China operations have been profitable since the early years. And now, with SGM and PATAC marking their 10th anniversaries in 2007, GM has achieved an even more remarkable milestone: It has become the first global automaker to sell more than a million vehicles in China in a single year.

Sales have rocketed in the past five years. Back in 2002, the U.S. automaker felt fortunate to sell 100,000 vehicles in China. Since then, GM has invested another $3 billion in its China operations, including a stake in mini-vehicle manufacturer Wuling, which it operates in partnership with Shanghai Auto.

GM now assembles a broad range of vehicles in China and sells them under the Chevrolet, Buick and Cadillac brands.

What this means to you: No surprise that China has become Buick's most important market. — Paul Lienert, Correspondent

Hmmm, I could say more, but let's let nature take its course. :AH-HA_wink: