Regardless of the events unfolding across the ocean, now bankrupt GM says its operations outside the US will not be affected. After assuring that Holden will keep going in Australia, the American manufacturer comes back and says GM China will not only survive, but also continue its expansion plans in the Asian country.
“Our operations across China will operate normally,” Kevin Wale, GM China president and managing director said in a statement. “Our customers will continue to receive top-notch service and warranty coverage, while our dealers will continue to receive product and aftersales parts as usual. There will be no impact on payments to employees, dealers or suppliers contracted to GM China or to our joint ventures.”
As we all know by now, it would have been not only a bad move to downsize operations in China, but also a not very safe one for GM. The country has registered growth since the beginning of the year, despite the economic turmoil which led to GM's bankruptcy.
“China has been the largest vehicle market in the world in the first five months of 2009. Industry sales grew 18.8 percent from the same period last year,” Wale added. “Domestic sales of vehicles by GM China and our joint ventures continue to be strong, rising 33.8 percent year on year in the first five months. We intend to remain an industry leader in China.”
Even if GM has not provided any details, it does stated that it "has a specific development plan in China for the next five years", citing the faith GM has in the Chinese economy.
“Our operations across China will operate normally,” Kevin Wale, GM China president and managing director said in a statement. “Our customers will continue to receive top-notch service and warranty coverage, while our dealers will continue to receive product and aftersales parts as usual. There will be no impact on payments to employees, dealers or suppliers contracted to GM China or to our joint ventures.”
As we all know by now, it would have been not only a bad move to downsize operations in China, but also a not very safe one for GM. The country has registered growth since the beginning of the year, despite the economic turmoil which led to GM's bankruptcy.
“China has been the largest vehicle market in the world in the first five months of 2009. Industry sales grew 18.8 percent from the same period last year,” Wale added. “Domestic sales of vehicles by GM China and our joint ventures continue to be strong, rising 33.8 percent year on year in the first five months. We intend to remain an industry leader in China.”
Even if GM has not provided any details, it does stated that it "has a specific development plan in China for the next five years", citing the faith GM has in the Chinese economy.