China saves GM
This outgrown the sales that the Detroit manufacturer is having in the United States, which have been estimated at the number of 1.08 million pieces. This was a stoke of luck for the American car producer that has returned them to profitability after announcing bankruptcy and government bail-out back in the year 2009.
This is a remarkable sign of the turning balance of global trade. The growth in the Chinese market has increased a lot because the country’s 1.3 billion people population of becomes richer and Beijing’s economic growth stimulates the purchasing of the cars. General Motors produces the Buick and the Chevrolet in China. The company has a joint venture to produce and sell cars together with Shanghai Automotive, and this is a strong point for the carmaker because China is a new market that has not been exploited yet and is a very cheap manufacturer, and the reducing of the costs is very good if you have been in a situation similar to GM’s last year.11