Dec 21st, 2007 by RJ Menezes
General Motor’s health as of late has not been too good. The automaker has struggled with lackluster products, bad management, and bad dealer support. At least the last one varies a bit, but it still puts GM in a bad situation.
The one shining light of hope has been coming from the most unexpected place, China. GM’s market in China is stronger than ever with brands like Chevrolet, Cadillac, and Buick held in high regards by Chinese customers. People in China actually cross-shop a Buick to a BMW!!
The truth is, GM’s China operations have been profitable since day one. And now, marking their 10th anniversary in 2007, General Motors has achieved something even more remarkable. It has become the first global automaker to sell more than a million vehicles in China in a single year.
Thats a big achievement and one that says there is still hope for the General after all. Sure the products are way different and tailored to a different market, but the fact that they can succeed there shows there is hope here.
By hitting this “million-car-mark” GM gets a boost of confidence(i.e cash) to it’s operations, and that means good things for all of GM’s markets. Let’s just see what they do with it.