From 24/7 Wall Street:
GM says it will sell 1.4 million cars in China this year.
It sold about 180,000 in the US in July. The critical difference between its costs in the two markets is that many of GMs Chinese vehicles are made in facilities owned by joint ventures with local car companies. Others are produced in manufacturing facilities with low labor costs. And, GMs sales are growing in China and dropping in the US.
GMs expenses in its home market may be falling because it has gone through Chapter 11. Unfortunately, the firm's sales in its home market were down about 20% last month, so...
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