mobile-menu-icon
GM Authority

Mary Barra Expects GM To Grow 6-7% In China, Earmarks $14 Billion Investment Through 2018

“China is playing a vital role in GM’s global success in all areas of our business,” said GM CEO Mary Barra during a press conference at Auto Shanghai 2015, which began Monday.

Ain’t that the truth.

Barra and a handful of other members from the GM executive team are currently in China to show their faces in GM’s largest market, which China has held for the past five years. Last year, the Chinese market alone accounted for more than one third of GM’s global sales.

The growth continues into 2015 and GM has already reached 1-million units, the ninth time it’s hit the million mark in the country. This year the company reached the milestone on April 9, the earliest it’s ever hit the mark.

Barra expects GM’s market share to grow 6 to 7 percent annually through 2019, and she’s earmarked $14-billion to help maintain the company’s ambitious goals by 2018. Another count is an estimated $16 billion investment in China by 2020.

“GM is fully committed to China, our local partnerships and China’s vehicle buyers,” said Barra. “With our continued investment, we have a very exciting journey ahead of us.”

Along with the $14 billion investment announcement, here are a few of the goals and products GM has planned for the region:

A far-too-tall Ontarian who likes to focus on the business end of the auto industry, in part because he's too tall to safely swap cogs in a Corvette Stingray.

Subscribe to GM Authority

For around-the-clock GM news coverage

We'll send you one email per day with the latest GM news. It's totally free.

No Comments yet

Leave a comment

Cancel