GM to export another 700 million USD into China R&D

Chinese Car News, Shanghai GM | Ash | May 18, 2007 at 1:35 pm

Cadillacs for China? Is that the stuff they cant sell in the USA, so they ship it to China for resale?

GENERAL Motors Corp, the largest US auto maker, said it plans to export US$700 million in automotive components and fully-assembled Cadillacs from North America to its joint venture in China, Shanghai General Motors.

GM has exported about US$3.5 billion in vehicles, components and machinery to China over the past 10 years, the Detroit-based auto maker said in a statement on its Website. China has become a focal point for GM as its US sales slide. GM’s sales in China rose 25 percent in the first quarter, while those in the US market fell 5.5 percent.

Ash

Ash came to China at 18 on a whim and never left. Some 10 years later he collected a degree and a family along the way and now focuses his time on watching the Chinese car industry develop. He has witnessed the market change from being minor backyard market in to the world's biggest and most important market for all car manufacturers. You can contact or connect with him via Linkedin by clicking the 'Website' link.

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