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For several months we’ve heard about poor American automakers who don’t have any money to keep their production and who need government help in multibillion-dollar bailouts. From time to time you can come across the articles about the manufacturers stopping the plants for several days or even weeks, reducing the number of displays at the shows and slowing down the development of the new autos.
At the same time, while General Motors waits for government help, it opens a $390 million factory in China which is the second one for GM in the city of Shenyang. This plant has already launched the production of Chevrolet Cruze compact, which is going to the Chinese dealerships this spring.
The new facility is able to build 150,000 cars a year. This means that the American automaker will assemble more than one million total autos a year in China. GM claims it will sell 1.2 million units in the country in 2009 including the imported vehicles. Not bad for a auto manufacturer that plans to stop existing due to poverty!
General Motors is very determined about its foreign sales and the company announced about the start of assembling of Daewoo Lacetti in South Korea.
The American automaker, General Motors, does not plan buying lithium-ion batteries for electric cars from other manufacturers, the company has announced that there will be a plant built by them specifically for this purpose.
The talks about GM bankruptcy are over and the company is going to a new phase of life. The main assets of the company like Cadillac, Buick, Chevrolet and GMC have been sold to the so-called New GM.
Seems like, Saab will not belong to Asian auto manufacturers, or any other foreign companies, because its parent firm, General Motors has announced the final decision today. The American automaker will sell Saab to Swedish supercar maker Koenigsegg Automotive.
General Motors is happy to announce that the sale of Saab and Opel is coming to the final talks. There have been several candidates, but the manufacturer has the number of them to final three for each brand.