And when they were up…
Paul Ritchie posted in News on March 23rd, 2006
The NY Times reports this morning of more headaches for General Motors.
When I was scouring the planet for alternative fuel vehicle news yesterday or the day before, I read of China’s interest in green transport, peaking right now because of the Olympics in Beijing in 2008, and GM selling alt fuel cars in China for 13 times what they could sell them in the U.S.
I may not find that again, it would be understandable if whomever published that story suddenly found themselves in a dole queue if not at the bottom of a river in surprisingly heavy shoes.
The Peoples’ Daily website is still carrying this story from Feb 28 though…
“As the world’s largest automaker and one of the largest foreign investors in China, GM has set up four vehicle-manufacturing joint ventures in the country, along with one design joint venture and two solely-funded enterprises. It employs nearly 9000 people.”
Source: http://english.people.com.cn/200302/28/eng20030228_112481.shtml
The prot thickens.
*Edit 3/29 - checking this link again, I see this info from the People’s Daily is from 2003. So I checked there again today to see just what the latest news might contain. The answer is a nicery thickened prot indeed…
The top 5 car manufacturers in China TODAY are: (Shanghai) GM, Shanghai VW and (Beijing) Drive Your Way, the other two are Chinese manufacturers Chery and Geely who rank 3rd and 5th respectively. Making GM still the biggest manufacturer of cars in China today. Source: http://english.people.com.cn/200603/21/eng20060321_252352.html
More than that:
“A long list of renowned multinational companies, including Microsoft, IBM, Motorola, Siemens, Nortel, GE, GM, Volkswagen and Honda have established research and development centers in China, the Ministry of Commerce said. “ Source: http://english.people.com.cn/200602/13/eng20060213_242207.html
Just what’s going on out there?
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