GM Hits Million-Sales Mark in 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 joi

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.

China has become Buick's most important market.

Author: AL
Source: Autolatest & Leftlane

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