GM to bring 10 new models to China by 2011
Shanghai, November 14 (Gasgoo.com) The troubled US auto giant General Motors (GM) is now choosing to depend more on the Chinese market.
"The financial crisis badly hits GM, but it will not affect GM China business," GM China president Kevin Wale told Beijing Times, “GM will introduce 10 new models to produce and sell in China within three years.”
According to Kevin Wale, from 2009 to 2011 GM will bring each five new models for Buick and Chevrolet brands, including the new heavyweight Buick LaCrosse and Chevrolet Cruze.
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Chevrolet Cruze
The financial crisis mainly impacts GM in the North American market, but it hasn't affected GM's business in China, Kevin Wale said.
GM China and GM's eight joint ventures in China have enough capital for investment, he added.
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