China has become the top sales market for General Motors - GoFuckYourself.com

sortie · 07-03-2010, 09:40 AM

http://money.cnn.com/2010/07/02/news...dex.htm?hpt=T2

Quote:

Through the first six months of the year GM and its Chinese joint venture partners have sold 1.21 million vehicles in China, the company announced Friday. Its U.S. sales, announced Thursday, came in at 1.08 million.

GM's Chinese auto sales are growing at a blistering pace, up 48.5% over the first half of the year. GM's U.S. sales are also showing improvement -- enough to keep its U.S. plants operating during what would normally be a summer shutdown.

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Years of ongoing losses in its home market, and a sharp plunge in sales here starting in 2008, caused the company to file for bankruptcy a year ago. During its reorganization it shed plants, workers, dealerships and much of its debt owed to bondholders. It emerged with the help of a $50 billion bailout from U.S. taxpayers.

fatfoo · 07-03-2010, 10:42 AM

"GM's Chinese auto sales are growing at a blistering pace, up 48.5% over the first half of the year" = very good for GM.

It surprises me that the GDP per capita of China is so low.
According to Google, the GDP per capita of China is only $3,266.
USA GDP per capita is $47,988.
China has a huge cheap labour force.
China GDP per capita is growing very rapidly in the past few years.

07-03-2010, 10:42 AM	#2
fatfoo ICQ:649699063 Industry Role: Join Date: Mar 2003 Posts: 27,763	"GM's Chinese auto sales are growing at a blistering pace, up 48.5% over the first half of the year" = very good for GM. It surprises me that the GDP per capita of China is so low. According to Google, the GDP per capita of China is only $3,266. USA GDP per capita is $47,988. China has a huge cheap labour force. China GDP per capita is growing very rapidly in the past few years. __________________ Send me an email: [email protected] Last edited by fatfoo; 07-03-2010 at 10:43 AM..