GM first to sell a million cars in China in one year

[jamz]

Filed under: Car Buying, China, Buick, GM


GM is in a market share dogfight here in the States, but in emerging markets like China, the General is quickly gaining a strong foothold. Rick Wagoner and company are progressing so splendidly in the world's fastest-growing market that the automaker became the first manufacturer to sell one million units within a calender year. That millionth vehicle was a Buick Park Avenue, which is fitting since Buick is hugely popular in the land of the Great Wall. The speed with which the General attained this level of success is impressive as well, as GM sold 100,000 units five years earlier.

With a population of 1.6 billion and an insatiable appetite for automobiles, China seems like as good a place as any for GM to increase its global automotive presence. With more and more automakers turning their attention (and funding) to China, however, GM's exponential growth since 2002 will likely begin to stabilize. For now, however, China is to GM what the US was back in the 60s and 70s.

[Source: GM]Continue reading GM first to sell a million cars in China in one year

Read | Permalink | Email this | Comments


More...