Filed under: Car Buying, China, Plants/Manufacturing, GM, Earnings/Financials
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The Chinese auto market is the biggest in the world, and thanks the country's population of 1.6 billion people, nobody knows just how big this market will end up being.
General Motors has been a major force in the success of this emerging market, with 2.35 million sales in 2010, and the automaker may just be getting started.
The
Detroit Free Press reports that GM China President Kevin Wale is looking for sales of five million vehicles per year by 2015, or more than double the 2010 totals. That's a massive sum that would likely require billions of dollars in added production, but based on sales over the last decade, it wouldn't be at all surprising if the demand continued to climb for another ten years or more.
Chinese car buyers will get a glimpse of the next generation of new vehicles at the
Shanghai Motor Show this week. As in recent years, the show will be home to many global vehicle introductions that in the past would have seen their debuts occur at Europe or U.S. shows.
[Source:
Detroit Free Press]
Report: GM looking to double China sales to five million units originally appeared on Autoblog on Mon, 18 Apr 2011 10:31:00 EST. Please see our terms for use of feeds.
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18-04-2011, 05:40 PM
