Tag Archives: General Motors

Hummers In China

Ever since the initial announcement that a little-known, special purpose vehicle maker in Sichuan Province had agreed to buy Hummer from bankrupt General Motors, news regarding the proposed deal has been scarce. The early reaction was that it was a deal that the Chinese government might very well block. After all, it runs counter to […]

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Who Switched the Playbooks?

When I was starting up in China, many experts cautioned me on what I would encounter. “It’s not a free market and there’s no rule of law, they told me. “The government controls the courts, the companies and the banks. Central planners in Beijing, not the marketplace, decide what goods to produce and which companies […]

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2009: The Year Global Autos Shifted to China

When we look back 20 years from now, the year 2009 is likely to be viewed as the year in which the baton of leadership in the global auto industry passed from the United States to China. For the last 100 years, the American car market and American carmakers set the pace in the global […]

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Jobs: Now “Job One” in China

In order to meet the objectives of its various stakeholders–stockholders, employees, creditors, suppliers and anyone else with an interest in the company’s success–a company must run its business and perform according to a variety of metrics. Sometimes, however, circumstances become so critical that it must adopt an overriding, singular focus for the good of all. […]

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China Automakers Get Part of Their Wish List

China Automakers Get Part of Their Wish List

Commenting on the proposed bailout of the “Big Three” automakers in the United States, Bob Lutz, vice chairman of Global Product Development for General Motors, said in a CNN interview that the auto industry is suffering from a temporary revenue problem affecting automakers the world over. “Even the Chinese auto companies are asking their government […]

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Bailout for China Auto’s: A Misnomer

Bailout for China Auto’s: A Misnomer

I have to admit that when I first saw the headline, Facing a Slowdown, China’s Auto Industry Presses for a Bailout From Beijing,  I marveled at how quickly bad ideas now make their way around the globe.  After reading the article, though, I had a somewhat different take. What the Chinese automakers want is fundamentally […]

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Vehicle Sales Slow in China

Vehicle Sales Slow in China

At the start of 2008, the two key numbers in China’s auto industry were 10 million and 1 million. With sales of both passenger cars and commercial vehicles (trucks and buses) growing at 20 percent or more in the first few months of the year, it seemed all but certain that China’s auto industry would […]

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What I Didn’t Know—and China Can Learn—From the U.S Auto Industry

First it was Fannie Mae and Freddie Mac; then AIG; and then 14 of the country’s largest commercial banks. Every day it seems, more and more companies in the United States are becoming “state-owned enterprises,” a term I had always associated with the Chinese economy.   The next round of state ownership—or at least bailout—is […]

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The Road Ahead For China Autos

The combination of a housing slump and oil at about $140 per barrel is proving to be the straw that is breaking the back of the U.S auto industry. U.S. auto sales plunged in June as the economic slowdown and high gasoline prices have hit all U.S. carmakers hard. Sales were down 28 percent at […]

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