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As General Motors heads toward insolvency, the company that was once the biggest on the planet is still riding high in the world’s most populous country.
As the storied American company prepares to financially dismantle its operations between good and poor performing assets, GM China is becoming the crown jewel in the company’s operations.
“If there’s a good GM and a bad GM, China is definitely going to be in the good GM side,” said Michael Dunne, an auto analyst and managing director of J.D. Power and Associates China…
Industry analysts say the decision is a simple matter of dollars and cents: GM is now the third-biggest car manufacturer in China, which has recently overtaken the U.S. as the world’s largest car market…
“Our business is run as separate joint-ventures here in China in partnership with SAIC … so we’re profitable, we fund our own investment and we would be largely independent of any action that took place in the US,” said Kevin Wale, president and managing director of GM China.
“It seems as though they have enough going on out here that they will remain insulated from the bankruptcy back home,” adds Dunne. “I see GM weathering the storm in Asia and holding on to what they’ve accomplished here and being able to ride it out here.”
Most popular GM car in China? Buick.
#15, bobbo, or you can look to the socialistic Import Substitution Industrialization efforts of the 20th century that all but destroyed sub-Saharan Africa.
The common thread is when government tries to run the show centrally, it fails horribly.
yes, the most popluar brand in china is the buick. I think it’s because chairman Mao used to own one and everyone there sees that as the status symbol to try and achieve. And the greatest growth brand worldwide?? chevy….things may be looking up after all!
The only reason the Cadillac isn’t more popular then the Buick is it sounds like an eye problem. (yeah politically incorrect but it’s just a joke!)
Out of control unions, bad for business. UAW has caused their own death by bleeding GM dry.
Just one year ago…
Strike Cost $2 Billion In Q2 Alone
Wages are 4X out of proportion to other jobs requiring high school education.
The UAW, Company management, and government policies all have combined to make GM America fail.
The question is can we change our ways and as yet I don’t see much evidence of it.
Ah, China! Totalitarianism and Capitalism. Two great tastes that go together like chocolate and peanut butter! Or is that shit and shinola? If you idiot fucktards think China is so wonderful, go live there! I thought not, fish heads and rice won’t agree with your delicate digestions. And the food is even worse at the “re-education facilities” they have for those unfortunate enough to have complained about being fucking serfs.
#26 – GetSmart
Obviously you’ve never been to China.
These last couple of years Chevys have been showing up here in Spain. Unfortunately they’ve been making the same mistake as Ford has. For some reason the never try to sell the american models – probrably because they manufacture them in europe. American sport models, and designs probrably would have sold great over here especially the SUV’s. Instead they got this preconcieved idea that europeans need european styling, and they crank out these boxy little models they couldn’t give away much less sell.
Don’t the Chinese hate Japan with a passion? It is in all their kung fu movies.
Surely Obama will force GM to export the UAW to China and bring Chinese worker protection standards up to those in the USA.
That should take care of any success.
#16 Dallas:
“Trust me, I’m an expert in this department”
Yeah, I’m going to trust that some nickname in a blog comment is an ‘expert.’
If you’re unwilling to back this up with say, a link to your website featuring your real name and CV, you can’t say that you’re ‘an expert.’
Sorry.
#31 Yes. My mommy says I’m an expert so don’t bother doing your own research. Just listen to me.
It’s just like the recession of the early 1990s. Worldwide, GM sold the most cars and lost the most money for any manufacturer. That to me doesn’t sound like a market share problem.
GM may file for bankruptcy on Monday, June 1, 2009. GM stated again and again for months that it was not going to file for bankruptcy.
Question: Did the federal government lose money by trying to bail them out when it would have been much cheaper if they filed months ago?
#29 – MikeN – Don’t the Chinese hate Japan with a passion?
I’m sure they do.
Repeal Sarbanes Oxley.
China has sixteen cities larger than America’s largest city New York. I remember when most of china rode bicycles they were better off. Do we really need a billion more fossil fuel burning cars on the road? The pollution my g-d. We will destroy this planet, before miscegenation exterminates my race and nation.
#36 – sam
Ask yourself these two questions:
1. Why shouldn’t the Chinese be allowed to enjoy convenience?
2. Why does Americans need 2-3 cars per household?
@36
1. Because we got here first.
2. Hells yeah!
Was just in China, and they can’t get enough Buicks over there. They love ‘em. They compare Buick to Mercedes, and pride themselves on being smart enough to save a lot of money by going with the Buick.