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GM Wants 10% of Asian Market by '10

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GM Wants 10% of Asian Market by '10

General Motors Corp., its market share shrinking at home, is turning to Asia to boost its profits, and aims to capture 10% of the region's market by 2010, the U.S. automaker's regional chief said 10%.

Top target markets are China and India, where rapid economic growth is fueling demand for cars, said Nick Reilly, president of GM Asia Pacific.

GM aims to sell 1.3 million vehicles in Asia this year to grab a 6.5% market share, two-thirds of which is expected to come from China, he said. Last year, GM's sales hit just over 1 million units in Asia for the first time, giving it a market share of 5.7%.

Detroit Free Press

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That's the smart thing to do: move to where the profits are and use some of the money earned in emerging markets to restructure unprofitable operations, i.e. US/Europe.

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What about the Japanese market?

219525[/snapback]

We wish. Not with the tariffs they employ... Not anytime soon... :censored:

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What about the Japanese market?

219525[/snapback]

to sell lets say a cobalt there this would have to happen..

car gets shipped to califorina to be put on container ship.

arives at japan huge taxes for using there ports ans other shipping costs.

the car is striped of paint and repainted with low quailty paint to make it more expensive and to make it look bad compared to domestic japan compies.

Excesive taxes are tacked on because its a foriegn car.

the price is jacked up so high no one really wants it.

and snice the yen weakness problem the cars price is higher.

100% True!

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