Obama: GM could learn from its Chinese operations

Buick Regal China

President Barack Obama’s trip to Asia included a massive motorcade in Beijing said to be 71 vehicles long. While touring the Great Wall and Forbidden City, Obama said that General Motors “can learn from their operations” in China “in terms of increasing sales back in the United States.”

Obama was reported to be speaking with Shanghai Communist Party secretary Yu Zhengsheng on what Yu called the “fantastic performance” by General Motors in China.

GM and its Chinese partners sold more than 1.5 million units and saw the company’s sales increase 60 percent in the first 10 months of 2009. In October, General Motors more than doubled its sales in China to 166,911 vehicles. According to the China Association of Automobile Manufacturers, a total of 946,000 were sold in October.

– By: Omar Rana

Source: Inside Line