Kevin Wale, president of General Motors (GM) in China, said Wednesday that China is likely to retain its auto sales lead and remain the world’s largest auto sales market for the foreseeable future. Wale said the gap created by China’s surging auto sales over the last year will be too wide for the US to [...]
General Motors (GM) is in talks with its joint venture partner SAIC Motor Corp about selling part of its stake in their joint venture or other assets as GM tries to raise cash. The 50-50 joint venture produces Buick, Cadillac and Chevrolet models in China. Sources close to the automaker said such a sale would [...]
General Motors unveiled three new models made for the China auto market Tuesday, bringing its total number of GM models in China to 24. The company displayed its new Buick Enclave SUV, Chevrolet Cruze sedan and Cadillac CTS-V in Guangzhou. GM, which is in danger of going bankrupt, is looking to China and other emerging [...]
