General Motors chief executive Rick Wagoner expects the company to build roughly the same number of cars this year as last.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
In 2005, GM saw the majority of its sales and production generated outside the United States for the first time, Wagoner told Reuters, adding that the trend should persist over the next decade.
“Last year, we produced about 9.2m units globally, and I would suspect that this year we will end up with the same number of vehicles,” Wagoner reportedly said in Shanghai as he was about to start a tour of the firm’s facilities.
Reuters noted that GM has two vehicle manufacturing joint ventures in China, making cars and minivans, whose sales jumped 37% to 645,680 vehicles in the January-September period, beating 25% growth in the overall market, and growth should keep outpacing the market in coming years, according to GM’s Asia-Pacific chief Nick Reilly said.
“There will be substantial investment in China. We will invest in new plant facilities, powertrains and new products,” he told the news agency.
