»»China Comes First for US Automakers
Several automakers struggling at home, seem to be in good health when operating in Asia.
It happens that American companies such as General Motors, Buick, and Chevrolet are going to reduce their work force in U.S., while they are planning investment in new plants in Asia, especially in China.
But most important of all, as their market share is in decline in US, sales are exploding in China. In the last quarter of 2005 - source Newsweek, GM was passing Volkswagen as the No. 1 car seller in China, with 11.2 percent of a market that surpassed Japan for the first time to become the world’s second largest car market.
China is the hottest overseas market for GM, and the only one in which its big Japanese rivals, like Honda and Toyota, are playing catch-up.
That is a sign of its good health. Is it also a sign, that American companies are giving the priority to Asian markets?
Surely, Automotive will not be a ‘jobs creator industry’ anymore as in US as in other Western countries.
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