| | Whilst studying for my management exam tomorrow, I came across a passage I thought I should share. This is for my Chinese brothers and sisters out there...hahahaha....
"...GM expects 90% of is revenue growth over the next ten years to come from outside the US because the U.S. car market is saturated and expected to remain relatively flat...Chinese gov't urged GM to invest in a $1.5 billion plant there. Building the factory looks like a smart move. While only .1% of Chinese have been able to trade bicycles for cars, it's still a huge market worth going after....That's not to say GM hasn't experienced problems there. Months before it began selling its $7,500 Chevrolet Spark in China, a $6000 knockoff version was cruising Chinese streets....."
oh china, how wo ai ni...
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| | Posted 10/9/2006 1:00 AM - 46 Views - 12 eProps - 6 comments
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