No Change In China Operations

• Source: Shanghai Daily
• [09:27 June 02 2009]
• Comments

General Motors Corp said yesterday that its US bankruptcy filing will not affect its thriving China operations, reaffirming what it called its "aggressive growth strategy" in the country.

"Business across China including the suppliers system, dealers, warranty, customer support operations and inventories will operate normally," said Kevin Wale, president and managing director of the GM China Group. "There will be no impact on payments to employees, dealers or suppliers contracted to GM China or to our joint ventures."

GM China reaffirmed that its business strategy in China remained unchanged and its planned investment and major projects remained on schedule for continued growth.

Within five years, the company expects to launch more than 30 new models in China and double sales to 2 million units.