GM’s New Customers

Posted on Aug 30, 2009

AP / Paul Sancya

Beleaguered General Motors is looking to China to help boost its bottom line.

GM, the financially beleaguered U.S. car company just emerged from bankruptcy, may be struggling at home, but it is growing part of its business model in a joint venture with Chinese automaker FAW. The nearly $300 million deal will expand GM’s production in China, where it sold more than 800,000 vehicles in the first six months of 2009.

The BBC:

General Motors has signed up to a 2bn yuan ($293m; £180m) joint venture with the Chinese state-owned carmaker FAW to make light trucks and vans.

The vehicles will initially be sold in China under the FAW brand, but could in future be exported under the GM brand.

They will be produced at existing FAW facilities in the cities of Changchun and Harbin.

GM sold 818,442 vehicles in China in the first six months of 2009, compared with 1,094,561 in the whole of 2008.

Read more

More Below the Ad

New and Improved Comments

We are launching a major overhaul of our comments section.

In addition to more robust spam filtering and moderation, new features include the ability to rate other comments, sort how they are displayed and respond directly via e-mail or in a thread.

Unfortunately, commenters will lose their existing Truthdig identities. It's a pain, we know, but on the plus side you will now be able to log in with a plethora of options, including Google, Twitter, Facebook and Disqus accounts.

Before launching this system we spent months in discussion with our top commenters. We listened to the feedback and we hope you like what we've come up with.

Please direct any problems or concerns to us via our contact page.