President and CEO of General Motors Frederick A. Henderson said here Tuesday that China has surpassed U.S. to be the largest market for the automobile giant. “Interestingly, if we look at China’ s market this year, we found the market has surpassed U.S market in size for GM,” he said during his first visit to China after he became the CEO in March. GM and its joint ventures in the Chinese mainland sold 181,148 vehicles in China in September, an all-time monthly record. For the first

Written by Muhammad Yunus, Bertrand Moingeon, and Laurence Lehmann-Ortega. HEC International Business School. Paris. February 2009. 27 pages. Working Paper - 913. http://www.microfinancegateway.org/gm/document-1.9.39135/Building%20Social%20Business%20Models.pdf The authors show, according to data from the World Bank, that 1.4 billion people in the world were living below the poverty line of $1.25 in 2005. Though the Millennium Development Goals aspire to meet certain objectives by 2015, it is

General Motors Co. is gunning for the Asian market; big-time. According to freep.com, GM’s sales in China for the period covering January – September surged 55% over the previous year, with nearly 1.3 million units moved. The overall market growth in China this year has been 34%, with a total of 9.6 million vehicles sold through September. China’s auto sales for the year are expected to soar to 12.6 million units, making China the world’s largest auto-market. To get an idea of just how sig

US carmaker General Motors (GM) achieved an all-time monthly sales record in China in September, boosted by robust demand in many of the country’s small and medium-sized cities. The company said that it sold 181,148 vehicles throughout the country last month, confirming China as the world’s number one vehicle market. The figure was up from 152,365 units in August. In the first nine months of the year, GM’s China sales surged by 55.6 percent to 1.29 million units, compared to a year earlie

GM recalls 10,000 Pontiac Vibes over cold weather brake issuesBy Andrew Ganz Even though the brand is officially dead, General Motors is recalling 10,119 Pontiac Vibe hatchbacks over brake vacuum components that can freeze in very low ambient temperatures. The recall covers Vibes sold or currently registered in 19 northern states.GM says that dealers will inspect and modify the brake vacuum lines on those Vibes covered by the recall. Vibes operated in warmer climate states are not bei