Chinese auto market passes US market

The Chinese auto market passed the US market for the #1 spot in 2009 and now GM might be selling more cars in China than the US real soon. It’s called a global economy and GM appears to understand that!

From CNNMoney.com:

DETROIT (CNNMoney.com) — Chinese consumers bought more automobiles last year than Americans did for the first time. A top executive at General Motors thinks that it won’t be long before it too will sell more cars in China than in its home market.

In fact, Tim Lee, GM’s Shanghai-based president of international operations, said at the auto industry’s key trade show Tuesday that this day could come sooner rather than later.

“We did very very well,” Lee said about the company’s sales in China in 2009. “We don’t intend to stop with what we’ve done. We intend to grow.”

Read the full article here.


Photo from fOTOGLIF

  

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