GM sells 1 million in China

General Motors sold 1 million vehicles in China in 2007, meeting their projected goal. They are the first foreign automaker to reach this milestone.

GM has two joint ventures in China:

• Shanghai General Motors Corp., a 50-50 joint venture with local automaker Shanghai Automotive Industry Corp. (SAIC).
• SAIC-GM-Wuling Automobile Co., with local car manufacturers SAIC and Wuling Automobile Co., through which they build mini-vehicles. GM holds 34 percent of this JV, Wuling 15.9 percent, and SAIC 50.1 percent.

Tags: Shanghai General Motors Corp., Shanghai GM, Shanghai Automotive Industry Corp., SAIC, SAIC-GM-Wuling Automobile Co., Wuling Automobile Co., Wuling, automotive, auto industry, automotive industry, China, Chinese auto industry, Chinese automotive industry, General Motors, GM

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Comments

[jstack6]

Maybe GM will start making their cleaner greener models in the USA soon. They seem to meet the high China standards for 1 million vehicles.