G.M. to expand investment in building trucks in China

Article Abstract:

General Motors Corp. has announced an investment of $100 million to build sport utility vehicles (SUV) and pickups in Shenyang in a joint venture with China's First Auto Works. This partnership builds on GM's $1.5 billion passenger car project in Shanghai and a cancelled $132 million venture with Jinbei Automotive, in which production of light trucks was begun in 1992 and ended in 1995. International concern about Chinese buying potential, bureaucratic interference, and bad distribution is balanced by GM's investments. Production will begin in 2000 on the Chevrolet Blazer SUV and S-10 pickup.

Comment:

GM invests $100 million in joint ventrue with First Auto Works to build trucks in Shenyang, China

Trucks, Motor Vehicle Manufacturing, Joint ventures, Utility Vehicles, Light Truck and Utility Vehicle Manufacturing, Sport utility vehicles, Chevrolet Blazer, First Auto Works

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China plans to spend $1 trillion on big public projects

Article Abstract:

The Chinese government is responding to the growing Asian economic crisis with an ambitious plan to construct public housing units and other public works throughout the country. Top officials at the State Development Planning Commission have said that they will attempt to reverse trends in rising unemployment, declining exports and slow economic growth by pouring $1.2 trillion into a vast three-year program of infrastructure projects, including the construction of bridges, highways and power grids.

Comment:

Chinese government will respond to Asian economic crisis with plan to construct public housing units and other public works

Construction, Forecasts, trends, outlooks

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G.M. opens Buick plant in Shanghai; selling $40,000 sedans is seen as market entry

Article Abstract:

The largest single U.S. investment in China is the General Motors plant in Shanghai with an investment of $750 million. The plant has 1,700 employees manufacturing cars with about 40% China-made parts. Some wonder how the company expects to sell 100,000 $40,000 sedans. The expectation is that Chinese government officials will receive them from their government. The average person certainly can't afford it nor do the towns and cities have the infrastructure to support them.

Comment:

GM wants to sell 100,000 sedans, made in Shanghai, per year to Chinese officials

United States, Motor vehicles and car bodies, Marketing procedures, Automobile Manufacturing, Autos, Standard, Manufacturing industry, Manufacturing industries, Foreign operations, Marketing, International aspects, Automobiles, Abstract, Automobile industry, GM, Full-size cars

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