Sunday, September 23, 2007

GM Confident

China's Vehicle Exports to Rise 46%, Official Says (Update1)
China has more than tripled automobile output and sales since joining the World Trade Organization in 2001. Last year, it surpassed Germany as the world's third-largest vehicle maker. The nation has designated eight port cities, including Shanghai, Tianjin and Xiamen, to serve as the country's main automobile and component export centers.

General Motors (China) Confident of Selling One Million Cars This Year
SHANGHAI - September 14, 2007: General Motors (China) president and CEO, Kevin Wale, said he was confident the company could sell one million cars in China this year.

China's Car-Price Wars Dent Profits
The price cuts, by both domestic and international auto makers, are pinching industry profits, said John Bonnell of market researcher J.D. Power & Associates' Automotive Resources Asia unit in Bangkok. He said things will get worse before they get better. "People aren't willing to give up. As long as they have the resources to stay in the game, they will keep cutting," predicts Mr. Bonnell. "But it's not leading to a healthy industry."

All the time our customers ask us, "How do you make money doing this?" The answer is simple, "Volume."

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