GM's Return To Profitability Will Include Chinese Made Products

Part of GM's plans to return to profitability will include the sale of Chinese produced models by 2011, MOTOR TREND and other sources indicate. Some new small models like the Spark from South Korea's Daewoo is expected to go sale as 2011 model.

Although GM lost $3.4 billion in the last quarter, that news is more good than bad. That figure includes a $2.6 million one time settlement to the UAW retirement medical plan. Otherwise, the true GM loss would be closer $600 million. By comparison both Ford and Toyota have shown profits this year. But the situation for GM has gone from a crisis only months ago to relative stability now, and profitability in coming quarters.

GM's Chinese manufacturing now builds and sells more cars than GM does in North America. The Chinese division will build and sell unique models for the U.S. market in coming years. Among the Chinese middle class, Buick models are especially popular.