President of General Motors China Matt Tsien was awarded Shanghai’s Magnolia Award last week, given annually to a foreign person who has contributed significantly to the social and economic well-being of China’s most populated city.
Tsien presides over all General Motors China, the largest market for the automaker and growing; about $12 billion is expected to be invested in China by General Motors through 2017. The marque also has 10 joint ventures with domestic Chinese automakers.
Matt Tsien joined General Motors here at home in 1976. He also serves as Executive Vice President of the General Motors brand. He replaced Bob Socia as President of General Motors China in early 2014.
With China emerging as a growing consumer of global goods, General Motors’ eager steps to improving their relationship with the country is a strategic one. An award from the municipal government of Shanghai can only come as good news as General Motors attempts to corner the market away from Ford and Chrysler.