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GM Will Increase Investments in China

“Key to our success,” proclaims CEO Akerson.

by on Feb.17, 2011

GM's SAIC-GM-Wuling joint venture has begun sales of the Wuling Hong Guang, the first compact business van ever offered in China.

If you didn’t know it, China is awfully important to General Motors.

GM chairman and chief executive officer Daniel Akerson traveled to the booming Asian nation, this week, and emphasized that China remains critical to GM’s future – and will continue to see more and more investments dollars.

“As our largest market, China played a significant role in GM’s success in 2010. We will continue investing aggressively in China to ensure the long-term success of our company.” Akerson said.

GM’s strength in China was instrumental last year in moving the company into a position where it came within 30,000 units of overtaking arch-rival Toyota, the world’s largest automaker.  GM also became the first automaker to sell more than 2 million vehicles in China during a single year, in 2010.

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