GM Forecasts 2 Million Car Sales in China This Year
Ford (F) sold only a little over 440,000 cars in China last year. By contrast, Chrysler and Toyota (TM) aren't in the top tier of Chinese sales. GM got into China in the early part of the last century: Its Buick nameplate has long been a brand sales leader on the mainland, and it still is.
China's local car firms are becoming more aggressive selling their own brands, aided by the fact that their quality and styling have improved, based to some extent on what they've learned from foreign corporations like GM. The competition from these Chinese firms is likely to make holding market share harder for the foreigners.
That may be bad news for GM, but it's worse news for those rivals that are still trying to get a significant foothold in the Chinese market.