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GM still trucking along in China

Ford is standing tall in Detroit these days, still flush with cash from bank loans two years ago while its rival, GM, seeks repeated federal bailouts.
But the tables are turned in China.
General Motors Corp. remains a powerful presence here with 8 percent to 10 percent of the market for cars, minivans and sport utility vehicles, making it the second-largest automaker in China for these vehicles, after Volkswagen. One of GM's joint ventures, Wuling, also dominates the sale of highly popular, bare-bones pickups and vans sold in rural areas, with nearly half the Chinese market for these light commercial vehicles.

Thursday 23 April, 2009 02:06 PM

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