GM's China sales pass US for first time in history

DETROIT – General Motors Co. sold more cars and trucks in China last year than it did in the U.S., for the first time in the company's 102-year history.

Despite GM's growth in China, Toyota Motor Corp. held onto the title of world's largest automaker. The Japanese company reported 8.42 million sales worldwide last year. That's 30,000 more than GM's 8.39 million.

GM said Monday that it sold 2.35 million vehicles in fast-growing China, about 136,000 more than it sold in the U.S., with China sales surging 29 percent as an expanding middle class gained wealth. Sales in the U.S., including heavy-duty vehicles, rose 6.3 percent as GM continued to rebound from its 2009 stay in bankruptcy protection.

GM expects its sales growth to continue, and industry analysts say it may once again dethrone Toyota as the global sales leader this year. GM said Monday it will add a third shift to a pickup truck assembly plant in Flint, Mich., to meet demand for heavy-duty pickups.

Pickup truck sales in the U.S. were up 16 percent last year to 1.6 million vehicles, and they're still among the top-selling vehicles in the country. GM says small businesses are beginning to buy pickups again after staying out of the market for nearly two years.

The company said the expansion will generate 750 jobs for the Flint plant, which makes Chevrolet Silverado and GMC Sierra pickups and has been operating on two shifts per day. The last time the plant worked around the clock was in the second quarter of 2008.

GM will fill the shift by recalling laid off workers who will start arriving in the second quarter. It expects to hire no new employees.

The Flint factory employs about 2,100 hourly and salaried workers. It made 115,000 trucks last year.

General Motors said it achieved double-digit jumps in five of its top 10 markets last year, including the 29 percent increase in China. Toyota, in contrast, sold just 846,000 vehicles in China.

GM also marked a 12.4 percent sales rise in Russia and a 10.4 percent rise in Brazil.

GM and Toyota tied for the global sales lead in 2007, ending GM's 76-year string of global dominance. Toyota took the title in 2008 and has held it ever since, but last year's string of embarrassing safety recalls and a resurgent GM combined to make the race close again.

Toyota sold 8.42 million vehicles globally in 2010, narrowly remaining the world's top automaker ahead of General Motors, which sold 8.39 million cars and trucks. GM's figure was a dramatic 12 percent increase from 2009, a year in which it closed factories and was forced to take aid from the U.S. government to survive.

The race between the two giants appears to be getting close, with the chance the tables could be turned, seeing GM once again rising to the top.

"General Motors is going strong, and it's a sure sign of its re-emergence," said Yasuaki Iwamoto, auto analyst with Okasan Securities Co. in Tokyo.

GM spokesman Tom Henderson said the company isn't focusing on the race with Toyota.

"A financially healthy and sustainable business that benefits our customers, stakeholders and employees takes precedence over any ranking. Our motivation is to be the best global company and let the numbers speak for themselves," he said.
 
GM spokesman Tom Henderson said the company isn't focusing on the race with Toyota.

"A financially healthy and sustainable business that benefits our customers, stakeholders and employees takes precedence over any ranking. Our motivation is to be the best global company and let the numbers speak for themselves," he said.

They finally get it!!!:surprise::surprise:

The most important thing I ever learned from years of martial arts is, an opponent is not your competition..the only competition is with yourself to perfect your technique.

PS. You're welcome GM.

Signed,

American taxpayer.
 
This would be great if it actually helped us. Once they really get going there is no way in hell they are going to make cars here and sell them over in China or even make any significant amounts of parts here when they can just make them their a lot cheaper and have a shorter supply line. I don't give a rats ass about what some executives will be getting in the future because of it, and I barely care the tiniest bit more about what the shareholders will get or the value of the stock. I only care how it will directly benefit the everyday American people and how they will treat their vast majority of employees around the world.
 

vodkazvictim

Why save the world, when you can rule it?
They finally get it!!!:surprise::surprise:

The most important thing I ever learned from years of martial arts is, an opponent is not your competition..the only competition is with yourself to perfect your technique.

PS. You're welcome GM.

Signed,

American taxpayer.
^^He knows the score.
 
This would be great if it actually helped us. Once they really get going there is no way in hell they are going to make cars here and sell them over in China or even make any significant amounts of parts here when they can just make them their a lot cheaper and have a shorter supply line. I don't give a rats ass about what some executives will be getting in the future because of it, and I barely care the tiniest bit more about what the shareholders will get or the value of the stock. I only care how it will directly benefit the everyday American people and how they will treat their vast majority of employees around the world.

:dito: Post of the week. Sadly, most of our people ain't gonna realize this shit until its too late. Detroit has been dying for a while, but I personally will stamp this as the official date of the death for that city.
 
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