Motor Mechanic Wages

Posted onDecember 22, 2011 - 6:59 pm by Admin | 0 Comments

Alex Taylor III emphasizes in his cnnmoney.com article, "The New GM Looks Abroad," August 25, 2010, that General Motors is selling cars overseas. General Motors has transitioned from a North American-centered company to an overseas sales orientated company. Markets in the United States aren't that promising now, so GM is focusing on selling cars overseas where new cars are in greater demand. Taylor states, "Already 72% of the company's vehicle sales already are generated outside the U.S. and that number is certain to grow larger in future years." Approximately 40% of GM's car sales come from nations with growth economies, which include the BRIC countries of Brazil, Russia, India, and China, where automobile sales are experiencing the greatest growth.

General Motors Likes China

In 1997 GM began its operations in China where General Motors currently claims the number one position in market share. The Buick brand is very popular in China where GM operates through three joint ventures with Chinese companies: one for passenger cars, one for mini-commercial vehicles, and one for light commercial vehicles and medium vans.

Taylor reports that the three joint ventures sold 1.2 million vehicles in the first six months of 2010 and produced an equity income of $734 million. This is compared to the fact that GM's entire North American activities produced only 1.4 million vehicles.


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