In 2011, General Motors Co. targets a 10% to 15% increase in sales in China in line with the growth rate it expects for the market, according to Kevin Wale, president and managing director of GM's China operations. In an interview with Reuters, Wale described the market to be “still quite solid” and that GM expects “a strong year.” He clarified that its strategy is to always “grow at least with the market.” He also talked about the need for the capacity of its China joint ventures to be increased. He added that GM continues to explore areas to raise capacity and that GM looks at greenfield plants as an option. He explained that with sales of 2 million units a year, “a 10 or 15% growth is a new assembly plant." GM operates vehicle manufacturing ventures with SAIC Motor Corp. and FAW Group. [via autonews - sub. required]
GM aims to sell 15 percent more vehicles in China next year
by Andrew Christian, Email, 18 Sep, 2010
2011 Cadillac SRX
