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Old 05-17-2011, 09:12 PM   #1
KimLinbert

Join Date
Oct 2005
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457
Senior Member
Default GM Hits The Gas In China
Forbes' Great Speculations blog: http://blogs.forbes.com/greatspecula...-gas-in-china/

General Motors’ Chinese business contributes more than one-third of the company’s stock value by our analysis. GM registered sales of around 685,000 in Q1 at a growth rate of 10% from same period last year. This growth will likely accelerate GM’s share in China despite the expiration of government incentives (See: In Spite of Challenges, GM Continues to Ride China Growth Story).

The automaker is consolidating its position in China and plans to double its sales in the next five years with its multi-brand strategy and focus on electric vehicles, though increased competition from other global automakers like Ford, Daimler AG, Honda, Toyota, Hyundai and Nissan could challenge these goals.

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Over the next five years, GM plans to introduce more than 60 new and upgraded models, nearly half of which will be in its two mainstream brands in China: Chevrolet and Buick. In Q1, GM saw an increase in units sales across all of its brands: Buick, Cruze, Cadillac, Excelle, and Chevrolet. [2] GM is also in works with its joint-venture partner SAIC to develop next generation electric vehicle architecture. The company has plans to establish a lab in Shanghai to explore and develop battery technologies, and China will be one of the first markets where GM will offer its Chevrolet Volt extended-range electric vehicle. (See: GM’s 5-Year Plan to Double Sales in China Adds Upside to Our Bullish Forecast)
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