General Motors aiming at cornering 10 percent of Asian auto market by 2010
November 18th, 2006 Leave a comment Visited 52 times, 1 so far today
General Motors aiming at cornering 10 percent of Asian auto market by 2010
World’s largest automaker General Motors might be struggling in their domestic market of USA but they are doing extremely well in other markets especially in Asia.
The company now aims to capture 10 percent of the region’s market by 2010.
GM is specifically looking at growth in the Indian and Chinese auto markets, which are growing at a rapid pace. They are aiming at selling around 1.3 million vehicles in Asia this year to grab a 6.5 percent market share. And majorities of these sales are expected to come from the Chinese market.
General Motors is also working hard on expanding their presence in the South Korea and Southeast Asian markets including Malaysia and Indonesia.
Nick Reilly, President of GM Asia Pacific said in a statement on their plans for this region: “We hope to increase our market share from 6.5 percent to nearer 10 percent over the next five years. We think that in 10 years’ time, China market may well be the largest in the world, overtaking the U.S. … so to win in Asia-Pacific, you really have to win in China.”
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November 23rd, 2006 at 4:34 am
GM attorney lies to win lemon law case
This vehicle, a 2005 Cadillac Deville; DHS model has a heavy musty odor and heavy condensation along dash. Wipers have failed, radio and navigation have failed and dash lights have blinked on and off at night; specifically in the rain. Drivers seat has reclined by itself while driving. Vehicle has been to dealer for repeated repairs and condition still exists intermitently. Battery has gone dead 3 times. Vehicle is currently parked at my home in Jacksonville, Florida and I will not drive this unsafe and dangerous vehicle anymore as I fear it may cause an accident which will harm or kill others and myself. The GM attorney has written a response to me that I must drive this vehicle to Newark, NJ for my Lemon Law hearing on November 29, 2006. His remarks also state I have made modifications to this vehicle and I have not changed anything. In fact, the Cadillac dealer has changed the radio, the navigation unit, the battery, the a/c unit, the seat sensors, and the left turn signal. All this is documented. I purchased a defected product and the General Motors company is accusing me of causing the problems. This vehicle has serious electrial problems and the A/C system causes a microbial growth to occur and I may have been infected by a fungus because of it. I have not enjoyed this unsafe vehicle and it appears a GM attorney will prevail as I, a 100% service connected disabled veteran can not fight such a powerful company by myself. Attorneys I have contacted will not go up against GM as they too cannot win against such a giant. I request assistance with this matter and I want the public to know that their Cadillac is not safe. I’ve read that GM Cadillac is going to sell Cadillacs to the people of China and they need to know they are not buying a good vehicle they are buying is a problem, an unsafe and dangerous vehicle. George A. Lovenguth 2659 Gale Court Jacksonville, Florida 32204 904-374-1116.