General Motors Corp has seen the slowdown in the auto market bottoming out in some countries in the Asia Pacific region, a top executive for the region said on Monday.
"I think it's bottomed out in Australia and maybe India," said Nick Reilly, president for GM Asia Pacific.
Demand is starting to come back a bit in South Korea while in Japan it is still weak and "probably will stay that way," he told Reuters in an interview during the Shanghai Motor Show.
Reilly said GM would like to increase its stake in its joint venture, SAIC-GM-Wuling, a minivan maker in China, from 34 percent now.
"If there's an opportunity to increase it a bit, we probably would," he said.
Reilly said GM would keep the Buick brand and had no intention of selling the brand to its Chinese partner SAIC Motor Corp.
