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GM plans to open 600 dealerships in China in 2012

Detroit Free Press -- GM plans to open 600 dealerships in China this year and nearly double production capacity despite a slowdown in sales growth, chairman Dan Akerson said Monday at the Beijing Auto Show.

China is the world's biggest auto market by vehicles sold, but sales growth slowed from 35% in 2010 to just 2% in the latest quarter. Demand has been blunted by government credit and investment controls aimed at slowing an overheated economy.

"We fundamentally believe in the strength of the Chinese market," Akerson said today.

GM will expand its dealership network from 2,900 last year to 3,500 by the end of this year, Akerson told reporters.

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Submitted May 03, 2012 By: NedW

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HailstormCA Champion Author San Diego Posts:7,955 Points:1,491,945 Joined:Nov 2008	Message Posted: May 4, 2012 8:20:47 PM Ignore HailstormCA Report Abuse How 'bout reopening all those stations in the U.S.?
ROSYMI Champion Author Michigan Posts:1,028 Points:388,600 Joined:Nov 2011	Message Posted: May 4, 2012 7:36:34 PM Ignore ROSYMI Report Abuse ok
remay Champion Author Houston Posts:7,078 Points:2,143,965 Joined:May 2006	Message Posted: May 4, 2012 7:00:08 AM Ignore remay Report Abuse They ought to be making EVs for them!!
southrob Champion Author Tucson Posts:3,736 Points:714,900 Joined:Mar 2011	Message Posted: May 3, 2012 8:48:31 PM Ignore southrob Report Abuse and gas goes up
TustinDad Champion Author Orange County Posts:4,382 Points:915,785 Joined:Feb 2008	Message Posted: May 3, 2012 6:40:41 PM Ignore TustinDad Report Abuse Tucker1961 wrote: "I've got it! If they move to China they won't have to pay back the money they borrowed(screwed all their vendors)from the Government." 1) GM is not moving; they are opening showrooms to sell the cars that are built over there. 2) The bailout money is paid back.
felinePA All-Star Author Pennsylvania Posts:580 Points:41,105 Joined:Aug 2011	Message Posted: May 3, 2012 6:07:46 PM Ignore felinePA Report Abuse That is nice they want to help other countries. But what about us, your home United States.
seabrz7 Champion Author California Posts:1,400 Points:224,810 Joined:Feb 2012	Message Posted: May 3, 2012 5:59:32 PM Ignore seabrz7 Report Abuse Great GM help out other nations and leave us sitting without enough jobs.
toadNY Champion Author Albany Posts:7,188 Points:1,540,850 Joined:Apr 2008	Message Posted: May 3, 2012 5:58:35 PM Ignore toadNY Report Abuse Did they ever pay US Tax Payers back?
pper Champion Author Grand Rapids Posts:3,224 Points:697,570 Joined:May 2011	Message Posted: May 3, 2012 5:55:48 PM Ignore pper Report Abuse This will creat more jobs in China, very little help hear.
bigoilscamsus Champion Author Lansing Posts:1,058 Points:48,265 Joined:Nov 2011	Message Posted: May 3, 2012 5:54:31 PM Ignore bigoilscamsus Report Abuse ExxonMobil made 9.45 billion dollars in the 1st quarter of 2012!! Their gross income was 124.1 billion dollars sucked from the American economy!! The other big oil companies also made profits in the billions of dollars!! Our country can't survive with those dollars being drained from our economic vitality!! We need Congress to declare the petroleum industry a public utility and break up the oil monopoly!! Teddy Roosevelt and congress broke up the Standard Oil Company and made it into a number of smaller companies and gave them subsidies as long as they produced our natural resources into reasonable price gasoline for our economic growth!! WE need Congress to bring back the Sherman anti trust laws which prevented companies that lent themselves to monopolistic practices, from price fixing and gouging the American consumer!! Congress needs to hear the cry of the people and save our country!!
nigelb Champion Author Virginia Posts:8,592 Points:1,417,505 Joined:Feb 2008	Message Posted: May 3, 2012 5:52:06 PM Ignore nigelb Report Abuse mplato - GM is NOT run by Obama! Since GM is now profitable it looks like the bailout, that all the right wing nut jobs opposed, worked and saved thousands of American jobs!
MINIWINI598 Champion Author Washington Posts:3,170 Points:546,400 Joined:Dec 2011	Message Posted: May 3, 2012 5:49:27 PM Ignore MINIWINI598 Report Abuse ok
SavinOnFuel Champion Author Gary Posts:1,967 Points:1,272,905 Joined:Nov 2007	Message Posted: May 3, 2012 5:49:10 PM Ignore SavinOnFuel Report Abuse To bad we can't "fundamentally believe in the strength" of our own market
CQQKIE All-Star Author Illinois Posts:970 Points:349,065 Joined:Jul 2008	Message Posted: May 3, 2012 5:45:10 PM Ignore CQQKIE Report Abuse Sell them their own BS steel for twice the cost.
mplato Champion Author Columbia Posts:8,389 Points:1,842,970 Joined:Jun 2004	Message Posted: May 3, 2012 5:43:44 PM Ignore mplato Report Abuse yup...they can close 600 in this country to save money to open them in china...good thinking government motors....more obummer economics
wilbur_gas Champion Author Los Angeles Posts:1,702 Points:665,710 Joined:Mar 2011	Message Posted: May 3, 2012 5:43:16 PM Ignore wilbur_gas Report Abuse I guess those ships in Long Beach, CA hauling cars in won't be leaving empty.
SpankyMI Champion Author Kalamazoo Posts:2,831 Points:784,615 Joined:Jan 2011	Message Posted: May 3, 2012 5:39:05 PM Ignore SpankyMI Report Abuse They are going to buy these cars with our money!
h2ojumper Champion Author Austin Posts:2,695 Points:734,435 Joined:Feb 2011	Message Posted: May 3, 2012 5:38:03 PM Ignore h2ojumper Report Abuse ok
slowtrain Champion Author Georgia Posts:3,797 Points:975,400 Joined:Aug 2008	Message Posted: May 3, 2012 5:35:56 PM Ignore slowtrain Report Abuse And then declare bankruptcy so the Chinese government can bail them out.
suzmar Champion Author Texas Posts:2,223 Points:896,935 Joined:Jun 2006	Message Posted: May 3, 2012 5:35:30 PM Ignore suzmar Report Abuse Companies have to go where the customers are to make a profit.
nimpy Champion Author Indianapolis Posts:8,270 Points:1,727,830 Joined:Oct 2007	Message Posted: May 3, 2012 5:35:18 PM Ignore nimpy Report Abuse WOW I just don't see this being a good idea
portlandcat Champion Author Tennessee Posts:1,918 Points:346,210 Joined:Apr 2011	Message Posted: May 3, 2012 5:34:51 PM Ignore portlandcat Report Abuse it just shows how beholden GM/government/we the tax payers are to China
goldrose1 Champion Author Cleveland Posts:11,071 Points:1,949,605 Joined:Feb 2005	Message Posted: May 3, 2012 5:33:09 PM Ignore goldrose1 Report Abuse hmmmmmmm
djm5x9 Champion Author Atlanta Posts:1,848 Points:519,230 Joined:Nov 2010	Message Posted: May 3, 2012 5:32:28 PM Ignore djm5x9 Report Abuse Ihink 600 is extremely optomistic!
bad_toad_2000 Veteran Author Dallas Posts:386 Points:527,040 Joined:Aug 2005	Message Posted: May 3, 2012 5:28:44 PM Ignore bad_toad_2000 Report Abuse Thinking that republicans will make policy change which shift jobs to the US is flawed. They favor laissez-faire, which means more of what is happening. On a side note, I did like the Jeep model in the article.
milespergallon Champion Author Illinois Posts:9,885 Points:1,936,060 Joined:Feb 2007	Message Posted: May 3, 2012 5:26:56 PM Ignore milespergallon Report Abuse How much does this cost us?
methaneman Champion Author Minnesota Posts:2,648 Points:1,296,810 Joined:May 2002	Message Posted: May 3, 2012 5:25:44 PM Ignore methaneman Report Abuse Must be giving away Uncle Bens rice with the cars! Chop Chop!
pmc3 Champion Author Missouri Posts:3,609 Points:1,025,590 Joined:Mar 2010	Message Posted: May 3, 2012 5:25:22 PM Ignore pmc3 Report Abuse Figures that they wouldn't add jobs HERE!!!
LSU_TIGERS_dmb Champion Author Louisiana Posts:1,720 Points:644,915 Joined:May 2011	Message Posted: May 3, 2012 5:23:19 PM Ignore LSU_TIGERS_dmb Report Abuse What happens with the president doesn't care about jobs in the USA. We give car companies our taxes and the lay off employees (non-union ones)and then take the companies overseas. Do like other car companies build it in their country and ship overseas so the jobs are in the once great USA.. Hurry up November.. We need a new president in the WH that cares about the people in the USA!!!!!
KhelbenArunson Champion Author Michigan Posts:4,581 Points:745,340 Joined:Apr 2008	Message Posted: May 3, 2012 5:17:33 PM Ignore KhelbenArunson Report Abuse Ok
Voltus Champion Author Miami Posts:8,582 Points:1,581,150 Joined:May 2005	Message Posted: May 3, 2012 5:16:18 PM Ignore Voltus Report Abuse big question: are they made in China or here?
Bonanza Champion Author Boston Posts:12,254 Points:2,578,705 Joined:Jun 2004	Message Posted: May 3, 2012 5:15:50 PM Ignore Bonanza Report Abuse I’ll never look or buy any GM cars
Ayeghoti Champion Author Michigan Posts:2,530 Points:368,380 Joined:Aug 2007	Message Posted: May 3, 2012 5:15:20 PM Ignore Ayeghoti Report Abuse doesn't sound newsworthy in the US unless you own GM stock. What sells in china is MADE there
nascar8806 Champion Author Oklahoma City Posts:2,518 Points:872,755 Joined:Aug 2010	Message Posted: May 3, 2012 5:14:48 PM Ignore nascar8806 Report Abuse Waste, thanks Obama
TNT2EC Champion Author Wisconsin Posts:5,113 Points:1,537,365 Joined:Oct 2008	Message Posted: May 3, 2012 5:14:03 PM Ignore TNT2EC Report Abuse So these cars are going to be coming from the USA?
bbreff Champion Author Atlanta Posts:9,988 Points:2,596,115 Joined:Jun 2005	Message Posted: May 3, 2012 5:13:26 PM Ignore bbreff Report Abuse So Government Motors is expanding.
greshams Champion Author Cincinnati Posts:2,151 Points:403,330 Joined:Nov 2011	Message Posted: May 3, 2012 5:10:53 PM Ignore greshams Report Abuse yep
cbuck80 Champion Author Massachusetts Posts:1,609 Points:421,570 Joined:Jan 2012	Message Posted: May 3, 2012 5:07:40 PM Ignore cbuck80 Report Abuse that will definitely help
joeborge Champion Author Ventura Posts:2,616 Points:921,555 Joined:Jul 2004	Message Posted: May 3, 2012 5:07:07 PM Ignore joeborge Report Abuse interesting
Caribou2011 Champion Author Ohio Posts:3,887 Points:795,005 Joined:Feb 2011	Message Posted: May 3, 2012 5:04:13 PM Ignore Caribou2011 Report Abuse Didn't work in the US, will the chinese bail them out over there?
gabisgram Champion Author Michigan Posts:2,326 Points:938,000 Joined:Sep 2006	Message Posted: May 3, 2012 5:03:46 PM Ignore gabisgram Report Abuse Vehicles will be built in China. Doesn't help us.
WillyG Champion Author Cincinnati Posts:3,691 Points:933,685 Joined:Aug 2005	Message Posted: May 3, 2012 5:02:03 PM Ignore WillyG Report Abuse That's good for us. I hope !
gavinON All-Star Author Toronto Posts:562 Points:112,935 Joined:Mar 2012	Message Posted: May 3, 2012 5:00:21 PM Ignore gavinON Report Abuse HMMM
nemoFL Champion Author Florida Posts:8,941 Points:1,637,975 Joined:Oct 2008	Message Posted: May 3, 2012 4:47:14 PM Ignore nemoFL Report Abuse yes but take it steady
cadstud Sophomore Author Oakland Posts:160 Points:335,140 Joined:Sep 2011	Message Posted: May 3, 2012 4:42:39 PM Ignore cadstud Report Abuse should help the trade deficit
Indy1 All-Star Author Quad Cities Posts:877 Points:822,775 Joined:Apr 2008	Message Posted: May 3, 2012 4:41:40 PM Ignore Indy1 Report Abuse might as well
slayur Champion Author Chicago Posts:1,534 Points:1,238,990 Joined:Sep 2005	Message Posted: May 3, 2012 4:41:37 PM Ignore slayur Report Abuse super
car54BC Champion Author British Columbia Posts:3,327 Points:1,280,780 Joined:May 2008	Message Posted: May 3, 2012 4:40:26 PM Ignore car54BC Report Abuse What has G.M. got to lose
camaro_man Champion Author Kitchener-Waterloo Posts:2,372 Points:638,745 Joined:Jun 2010	Message Posted: May 3, 2012 4:39:45 PM Ignore camaro_man Report Abuse wow
Grismer Champion Author Kitchener-Waterloo Posts:8,674 Points:1,751,745 Joined:Apr 2008	Message Posted: May 3, 2012 4:39:20 PM Ignore Grismer Report Abuse Fine but this will not create new domestic jobs.