GM planning to sell cars in China and Brazil
By Andrew C., 27 Aug, 2010. 0 Comments
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GM is taking advantage since it rose again from the ashes and is catching up with big plans of smart expansion in the two most attractive markets at the moment, China and Brazil. After registering great success in Brazil, the American car producer is planning two new models destined for South America which would potentially give around 1000 new jobs.
For China, GM is expected to develop up to 6 new economic models in the next 2 years, mostly Buick and Chevrolet branded. The investment will be dived, half from their own revenues and half obtained from state banks loans. For the next period, all GM's efforts will be oriented in developing and expanding their 4 core brands - GMC, Buick, Cadillac and Chevrolet - while all their other assets will abandoned and will rest in bankruptcy, as the court will probably sell or liquidate them. [via autocar]
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