久久亚洲国产成人影院-久久亚洲国产的中文-久久亚洲国产高清-久久亚洲国产精品-亚洲图片偷拍自拍-亚洲图色视频

USEUROPEAFRICAASIA 中文雙語Fran?ais
China
Home / China / Across America

Will GM moves affect China market?

By Jack Freifelder in New York | China Daily USA | Updated: 2014-02-05 11:54

 Will GM moves affect China market?

Mary Barra, incoming CEO of General Motors Co, reveals the 2015 GMC Canyon pickup truck in an industrial building in advance of the media preview of the North American International Auto Show in Detroit, Michigan on Jan 12. Photo by Reuters

Two top executive changes at General Motors Co last month give little reason to believe the moves will have any impact on the automaker's business in the US or China, according to analysts.

Matthew Stover, a Boston-based automotive analyst with Guggenheim Partners LLC, a global financial-services firm, said the move to usher in the new executive team "sooner rather than later" is a sign of "constructive growth."

"We now know who the team is but there are a lot of unknowns," Stover said Tuesday in an interview with China Daily. "In many ways they've been kind of hustled along in their development, so if everybody had their druthers maybe the team would be given a bit more time to develop."

GM's new executives, President Dan Ammann and CEO Mary Barra, assumed their positions on Jan 14 and Jan 15 respectively. Just more than a week later GM announced that Tim Lee, its China chairman, would retire in April after nearly 45 years with the company.

David Whiston, a senior equity analyst with Chicago-based investment research firm Morningstar Inc, said he does not see the GM personnel moves affecting much of the company's day-to-day business.

"With moves like Tim Lee leaving, there's always a chance that the new people don't get along with the other partners, but I'm not worried about these moves derailing business in China," Whiston said in an interview with China Daily. "China has been one of GM's best markets for a while now, and in 2013 they went over 3 million units for the first time."

Stover, the analyst with Guggenheim, said he does not expect "outstanding changes" in GM's relationship with China as a result of the management changes.

"China is an extremely important business region for GM," Stover told China Daily. "They have a strong relationship with the SAIC (the SAIC Motor Corp), which has been so incredibly fruitful for GM. From GM's standpoint, this operation is very much integrated into the global framework."

"I think there's always a rush to lionize and deify someone, but Mary is an unknown quantity on a number of fronts," Stover added. "She deserves a level scale in terms of how we appraise her performance."

Now GM's challenge is to grow to the point where they have enough "to take on the German manufacturers there," Whiston said. "That's obviously a long-term project for GM, but this is a brand that's really well known to the Chinese."

Due to Chinese government regulations, foreign manufacturers producing vehicles in China must do so as a joint venture with a Chinese company. However, only a limited number of partnerships are permitted.

GM has par th SAIC - formerly known as the Shanghai Automotive Industry Corp - to become one of the leading foreign car companies in China.

Recent data from GM shows that the US carmaker and its joint venture partners sold a record-breaking 3.1 million vehicles in China last year.

Though US retail sales for GM in January were down 10 percent year over year, the company remains upbeat about its business prospects going forward.

"We continue to perform well in the two most important markets in the world, the US and China," GM CEO Barra said in a press release in Jan. "We're taking advantage of our strength in these countries to restructure and make the investments necessary to grow profitably in other parts of the world."

GM will host a conference call to report earnings figures from the fourth quarter of 2013 on Feb 6.

Polar icebreaker Snow Dragon arrives in Antarctic
Xi's vision on shared future for humanity
Air Force units explore new airspace
Premier Li urges information integration to serve the public
Dialogue links global political parties
Editor's picks
Beijing limits signs attached to top of buildings across city
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
主站蜘蛛池模板: 日本免费成人网 | 俄罗斯极品美女毛片免费播放 | 日韩一区二区三区在线观看 | 亚洲美女一级片 | 国产韩国精品一区二区三区 | 五月天激激婷婷大综合蜜芽 | 久久精品视频在线观看榴莲视频 | a国产片| 手机看片免费基地 | 美女视频全部免费 | 手机在线观看亚洲国产精品 | 欧美另类性视频在线看 | 久久99亚洲精品久久久久99 | 免费看男女做好爽好硬视频 | 久久www免费人成精品 | 日韩美毛片 | 日韩性黄色一级 | 免费一级成人免费观看 | 国产精品高清免费网站 | 久久久久久久岛国免费观看 | 午夜两性试爱视频免费 | 日韩亚洲一区二区三区 | 亚洲一区二区三区四区在线观看 | 精品国产91久久久久久久a | 日本免费一区二区三区毛片 | 国产高清专区 | 真正免费一级毛片在线播放 | 99久久精品久久久 | 成人自拍小视频 | 怡红院免费的全部视频 | 美女被男人桶到嗷嗷叫爽网站 | 国产精品久久久久久影视 | 日本国产在线 | 天空在线观看免费完整 | 国产美女一级特黄毛片 | 国产精品区一区二区免费 | 亚洲国产tv | 日本三片在在线播放 | 九九大香尹人视频免费 | 国产高清在线免费视频 | 日日碰碰|