WSJ: GM Executive: Need New Plant To Meet Annual Sales Goal Of 2 Million Cars In China
April 15 2009 - 6:35AM
Dow Jones News
General Motors Corp. (GM) would need to build another
car-assembly plant in China to meet its stated goal of doubling its
annual sales in the country to 2 million vehicles in five years, a
senior company executive said Wednesday.
"We're pretty well placed to do a lot of growth at the moment
without having to spend a lot of money," Kevin Wale, head of GM
China Group, said in an interview with The Wall Street Journal.
That said, "We would probably need at most one new facility to get
to 2 million units."
Wale gave no indication that GM is already planning an
additional factory in China. He said most of the company's existing
plants in China have been designed and built with flexibility for
expansion, and that GM will try to squeeze more production capacity
out of those existing plants.
-By Norihiko Shirouzo, The Wall Street Journal; 86-106588-5848;
norihiko.shirouzo@wsj.com