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General Motors Opens a Plant in China |
For several months we’ve heard about poor American automakers who don’t have any money to keep their production and who need government help in multibillion-dollar bailouts. From time to time you can come across the articles about the manufacturers stopping the plants for several days or even weeks, reducing the number of displays at the shows and slowing down the development of the new autos.
At the same time, while General Motors waits for government help, it opens a $390 million factory in China which is the second one for GM in the city of Shenyang. This plant has already launched the production of Chevrolet Cruze compact, which is going to the Chinese dealerships this spring.
The new facility is able to build 150,000 cars a year. This means that the American automaker will assemble more than one million total autos a year in China. GM claims it will sell 1.2 million units in the country in 2009 including the imported vehicles. Not bad for a auto manufacturer that plans to stop existing due to poverty!
[source]
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