GM Thrives In China
General Motors makes more money selling cars overseas than in the United States.
Six decades after the communist revolution, China has become the hottest capitalist engine on earth. And ironically, some of the most revered symbols of success in today’s China are Cadillac, Buick and Chevrolet.
General Motors may be struggling at home, but it is thriving in China. In 2007, GM sold nearly twice as many Buicks in China as it did in the United States.
So why buy American instead of a car made by a Chinese manufacturer? “American producers have a longer history of producing cars and they have better techniques,” said Zhoucheng, a 36-year-old businessman from Shanghai province. I beg to differ with their cars, buddy.
