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GM to Continue Investing Aggressively in China

GM to Continue Investing Aggressively in China

Write: Ena [2011-05-20]

General Motors will continue investing aggressively in China, the largest market of General Motors, General Motors (GM) Co. Chairman and CEO Dan Akerson said Tuesday.

China played a significant role in GM's success in 2010, he said at a media briefing in Beijing.

In 2010, GM and its joint ventures sold a record 2.35 million vehicles in China's domestic market.

"GM will continue to make China one of our priorities," said Akerson. "We plan to introduce more than 20 new and upgraded models over the next two years," he said.

Akerson stressed the importance of GM's local relationships.

"We regard our 11 domestic joint ventures as 11 keys to our success in China," he said, "To remain a global industry leader, GM must remain an industry leader in China," he said.