Posts Tagged ‘3rd’
GM drives toward bankruptcy – just not in China
Daylife/Getty Images used by permission
As General Motors heads toward insolvency, the company that was once the biggest on the planet is still riding high in the world’s most populous country.
As the storied American company prepares to financially dismantle its operations between good and poor performing assets, GM China is becoming the crown jewel in the company’s operations.
“If there’s a good GM and a bad GM, China is definitely going to be in the good GM side,” said Michael Dunne, an auto analyst and managing director of J.D. Power and Associates China…
Industry analysts say the decision is a simple matter of dollars and cents: GM is now the third-biggest car manufacturer in China, which has recently overtaken the U.S. as the world’s largest car market…
