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Author	Topic: Will GM Bet Big on China?	Post a Reply Back to Topics

Gas_Eyes Champion Author Dallas Posts:2,817 Points:672,560 Joined:Mar 2011	Message Posted: Jun 22, 2012 10:27:09 AM Ignore Gas_Eyes Report Abuse Even though China’s automobile market has seen ups and downs in the last two years, most analysts are betting that the long-term outlook is exceptionally positive. This wisdom has not been lost on General Motors, as the auto giant has upped the ante and decided to construct a fourth assembly plant in the Asian nation. It is all part of GM’s joint venture with SAIC Motor Corp. Stamping, painting, component assembly, and other activities will take place in the $1.1 billion facility in the Chinese city of Wuhai, a centrally located domestic base for industry. Much of what is planned for the Wuhai plant will involve products that are expecting solid markets in China, like small cars, SUVs, hybrid vehicles, and electric cars as well. In 2011 alone, Shanghai GM set a record for annual sales, as Visit myperfectautomibile.com for full article

Gas_Eyes

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Dallas

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Message Posted: Jun 22, 2012 10:27:09 AM

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Even though China’s automobile market has seen ups and downs in the last two years, most analysts are betting that the long-term outlook is exceptionally positive. This wisdom has not been lost on General Motors, as the auto giant has upped the ante and decided to construct a fourth assembly plant in the Asian nation. It is all part of GM’s joint venture with SAIC Motor Corp.

Stamping, painting, component assembly, and other activities will take place in the $1.1 billion facility in the Chinese city of Wuhai, a centrally located domestic base for industry. Much of what is planned for the Wuhai plant will involve products that are expecting solid markets in China, like small cars, SUVs, hybrid vehicles, and electric cars as well.
In 2011 alone, Shanghai GM set a record for annual sales, as
Visit myperfectautomibile.com for full article

REPLIES (newest first)Ignore Short Messages

Gas_Eyes Champion Author Dallas Posts:2,817 Points:672,560 Joined:Mar 2011	Message Posted: Jun 24, 2012 9:45:53 AM Ignore Gas_Eyes Report Abuse Hope China can be a winner for GM.
remay Champion Author Houston Posts:7,083 Points:2,144,190 Joined:May 2006	Message Posted: Jun 23, 2012 5:58:44 PM Ignore remay Report Abuse typo in website??? myperfectautomibile.com
Timberline Champion Author West Virginia Posts:2,540 Points:772,355 Joined:May 2006	Message Posted: Jun 23, 2012 4:22:18 AM Ignore Timberline Report Abuse They already have. General Motors is becoming China Motors
1WI All-Star Author Appleton Posts:818 Points:274,255 Joined:Jan 2012	Message Posted: Jun 22, 2012 11:58:55 PM Ignore 1WI Report Abuse okay
dave27johnson Champion Author Chicago Posts:1,823 Points:433,645 Joined:Feb 2012	Message Posted: Jun 22, 2012 8:28:00 PM Ignore dave27johnson Report Abuse They need lots of cars.
dhdiesel Veteran Author Riverside Posts:400 Points:44,800 Joined:Feb 2012	Message Posted: Jun 22, 2012 7:20:28 PM Ignore dhdiesel Report Abuse GM takes U.S. taxpayer money, then gradually moves to China on our dime. What could possibly be wrong with that. Besides, GE DID IT TOO! Suckerrrs...
HorizonChaser Champion Author Montgomery Posts:2,120 Points:482,885 Joined:Dec 2011	Message Posted: Jun 22, 2012 1:48:10 PM Ignore HorizonChaser Report Abuse What if we sold GM to the Chinese in repayment of all that debt we owe them? I bet we could sucker them into cancelling most all of it for that great car company.
clpassenubye Champion Author Los Angeles Posts:3,374 Points:776,930 Joined:Mar 2011	Message Posted: Jun 22, 2012 12:46:08 PM Ignore clpassenubye Report Abuse people don't know any better their yet
djwhit Champion Author Ohio Posts:3,152 Points:1,236,155 Joined:Jul 2009	Message Posted: Jun 22, 2012 11:58:25 AM Ignore djwhit Report Abuse GM PAY US BACK........SOULDS LIKE OBAMA NEEDS TO GIVE THEM MORE MONEY......
humblepie Champion Author Toledo Posts:35,359 Points:2,400,045 Joined:Mar 2006	Message Posted: Jun 22, 2012 11:48:10 AM Ignore humblepie Report Abuse they have too, not much of an american market anymore for them
buckets42 Champion Author New Jersey Posts:1,690 Points:329,550 Joined:Oct 2011	Message Posted: Jun 22, 2012 11:46:56 AM Ignore buckets42 Report Abuse Good way to go under.
cdrrod Champion Author Wisconsin Posts:4,291 Points:810,500 Joined:Feb 2006	Message Posted: Jun 22, 2012 11:17:19 AM Ignore cdrrod Report Abuse Why not! Seems like everyone else is!
MOREDLEG Champion Author Missouri Posts:2,786 Points:637,485 Joined:May 2011	Message Posted: Jun 22, 2012 11:06:58 AM Ignore MOREDLEG Report Abuse This will be good, with the population of China be prepared for the "auto bubble"
pliskin Champion Author Syracuse Posts:6,207 Points:1,759,260 Joined:Apr 2005	Message Posted: Jun 22, 2012 11:02:42 AM Ignore pliskin Report Abuse Sure, this is Pres. Obama and GM's ultimate goal. If you can't sell 'em here let's move to China, build them there, sell them or IMPORT them into the US! The Cadillac will be built there soon, how's that for America's luxury platform?
lesabreAZ Champion Author Phoenix Posts:1,819 Points:438,945 Joined:Nov 2011	Message Posted: Jun 22, 2012 11:01:18 AM Ignore lesabreAZ Report Abuse They already produce more buicks than the US
asog75 All-Star Author Indiana Posts:838 Points:283,245 Joined:Aug 2011	Message Posted: Jun 22, 2012 10:54:07 AM Ignore asog75 Report Abuse suprised ? what is next!
Nancy&Len Champion Author Cleveland Posts:2,183 Points:1,971,565 Joined:Sep 2004	Message Posted: Jun 22, 2012 10:37:22 AM Ignore Nancy&Len Report Abuse Considering Obama Motors has so much invested over there already, why wouldn't they.
Gas_Eyes Champion Author Dallas Posts:2,817 Points:672,560 Joined:Mar 2011	Message Posted: Jun 22, 2012 10:28:42 AM Ignore Gas_Eyes Report Abuse The middle class in Chinese cities do not have much to invest in, so they see cars as an alternative form of spending their money.