Doing Business in China

The new GM set up an international operation base in Shanghai China immediately after its reconstitution, appointing Nick Reilly, the former President of GM Asia Pacific, as the Executive Vice President of GM international operations. This demonstrably shows that the commendable performance on the China-led Asia Pacific market is recognized by the headquarter.

China has become the delicious cheese which much coveted by auto makers around the world. Huge automobile demand, robust market growth rate, strong desire for auto technologies and a relatively stable economic environment emerging from the financial crisis have all contributed to its appeal to global auto makers. Especially the North America auto industry, affected by the bankruptcy cases of giants such as Chrysler and GM, is having a hard time as whole vehicle makers on the entire industrial chain struggles, dragging down various car parts makers into bankruptcy along with them.