Thursday, July 16, 2009

GM to give China dedicated vehicle, launch up to 30 models there in five years

According to Automotive News China, at least one new inexpensive model from Buick or Chevrolet will be dedicated to the Chinese and other emerging markets. The undisclosed model will arrive before 2011. In addition, two more Buick-badged vehicles, and four more wearing Chevrolet logos, will roll into Chinese showrooms in the next two years.

Looking further down the road, Kevin Wale, General Motors' China Group president, reportedly also confirmed that the automaker plans to launch as many as 30 new models by 2014 in an effort to double sales. Of the 8.35 million GM cars and trucks sold in 2008, 1.09 million were sold in China.

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