GM China

Published on Author Mike

Here are a couple snippets from Automotive News China. 美国政府为救援通用汽车,已亏损97亿美元 — 路透社 | 2013/11/1 底特律 — 据美国特别督察长(Special Inspector General)周二提交给国会的季度报告称,美国政府在耗费近500亿美元救援通用汽车的计划上,已经亏损97亿美元。2009年,美国财政部向通用提供495亿美元贷款,换取21亿美元的优先股和60.8%的股权。 Oh, wait, that’s not about China, it’s about the US govt sales of GM stock. Instead: GM China shines amid Asia decline Automotive News China | 2013/11/1 DETROIT — General Motors said its Chinese joint ventures… Continue reading GM China

China’s Hypercompetitive Car Market

Published on Author Mike

Today VW claimed sales of 2.35 million units in Jan-Sep. Meanwhile GM’s PR machine releases brand sales monthly. I track these, out of curiousity and because I teach a course on the Chinese economy (in which I use Michael Dunne’s American Wheels as one of 4 books I ask students to read). GM’s 9-month total… Continue reading China’s Hypercompetitive Car Market