Thursday, January 27, 2011

China is GM’s Number One Market

Where are the most Buicks in the world sold? Not in the US, but China. This year, sales of American-based General Motors (GM) cars in China outpaced that same consumption in the US. This development has ramifications for the auto industry and international climate policy.

USA Today reports that in 2010, Chinese consumers bought 2.35 million cars from GM. Demand in the US was about 136,000 less over that same time period. The total cars sold for 2010 represent a 29% increase over the year before. In comparison, US sales rose just 6%... Click here to read more

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