GM will be fine long term:::
BEIJING (AP) - General Motors Corp. said Tuesday its sales in China rose 6 percent to 1.09 million vehicles in 2008, but growth slowed as consumers held back amid an economic downturn.
GM is looking to China's booming auto market to drive global sales growth as demand in North America and other developed markets slump.
GM is one of China's top automakers along with Germany's Volkswagen AG. Global producers have raced to open factories and tailor models for China, which has grown into the world's second-biggest vehicle market after the United States.
GM has been aggressive in China, setting up eight joint ventures, a vehicle development center in Shanghai and an alternative fuel research lab. Robert Socia, vice president of Shanghai GM, its passenger car joint venture, said in November the Chinese market is "very, very important to us."
REMEMBER PEOPLE INVESTING, GM IS NOW A GLOBALLY DIVERSIFIED CORPORATION AND DETROIT OR THE USA ITSELF IS NOT THE ONLY COMMON DENOMINATOR FOR IT ANY LONGER AND WHY IT WILL BODE WELL FROM HERE AND LONG INTO THE FUTURE- HELL THEY COULD CLOSE UP ALTOGETHER IN USA, IMPORT THE SAME VEHICLES WE USE TODAY FROM THE ASIAN REGIONS WHERE IT HAS NEW STATE OF THE ART MANUFACTURING FACILITIES, IF IT COMES TO THAT...
Too many are still closed minded to what is outside of their backyards..................
