GM to add 400 dealers in China to grow faster than market
DETROIT (REUTERS) - General Motors Co (GM) will add 400 dealers in China this year as it looks to keep growing faster than China's overall automotive industry, which is expected to grow by 8 per cent this year, the automaker's top executive in that country said on Monday.
GM will push its total auto dealerships in China across all its brands to 4,200 locations this year from 3,800 at the end of 2012, Mr Bob Socia, GM China president, told reporters at the Detroit auto show. The brands sold by GM and its joint ventures in China include Buick, Chevrolet, Cadillac, Opel, Baojun and Wuling.
Sales of passenger cars and commercial vehicles in China should grow 5 per cent to 8 per cent this year, hitting 21 million vehicles in 2013, Mr Socia said. That would be up from 19.4 million in 2012. He also said the Chinese auto market could hit 30 million vehicles by 2020.
Mr Socia said GM wants to grow faster than the market this year, and exports by GM and its joint venture partners should hit 100,000 or more vehicles this year, up from 77,000 last year and 3,000 in 2009.