General Motors, Thriving in China, Sees More Growth Ahead

GM's Chevy Volt in China. Image source: General Motors.

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It was only a few years ago thatFord Motor Company (NYSE: F) and General Motors (NYSE: GM) were champing at the bit to get more market share in the quickly growing Chinese automotive market. For GM, China had already been a huge source of revenue, as the company has perennially been one of the leading foreign automakers in the region by market share. For Ford, growing sales in the country was the simplest way to lessen its dependence on the North American auto market.

After a few years, however, the growth in China has slowed -- although it's still become the largest automotive market in the world -- and it hasn't yet developed into the pillar of strength for Ford that the company had hoped. The good news, though? GM is still confident there is immense untapped potential there.

30 million, going once? Going twice?

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