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GM Plans Further Expansion in China

China is the best bet, in the current economic climate of the world, for automakers looking to keep their massive sales figures on the rise, when common sense dictates they should be going down. Despite the fact that the Chinese market is slowing down its relentless boom, it is still a highly-attractive alternative for foreign automakers.
Chevrolet 1 photo
General Motors, which has already established itself very well in China, through both its own products, and local joint ventures, still wants to expand its ‘influence’ in the country - they are also the largest foreign automaker in the PRC. Now, having already built two manufacturing plants in 2012, have already announced a third and the construction of a fourth.

GM did very well in China, last year, and they just managed to nudge ahead of Volkswagen, by selling 2.84-million cars in total - just 300,000 more than the Germans. They want to be part of the predicted growth, which will still be very evident in 2013, when analysts expect the total number of cars sold to increase to 21 million - up from last year`s 19.4 million.

Bob Socia, GM China boss said: “You need to stay ahead of the curve [ . . . ] Are we ready to announce another plant? No, but clearly we’re looking at what we’re going to need to handle our expansion.

 
 
 
 
 

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