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GM’s China JVs investing $12B between 2014-2017 to expand; GM outlines China market trends

Green Car Congress

In conjunction with the start of Auto China 2014 in Beijing, GM China President Matt Tsien announced that GM’s China joint ventures will make capital expenditures of about $12 billion between 2014 and 2017. China has been GM’s largest market since 2010, last year accounting for about one-third of its global sales. million last year.

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GM and Chrysler Submit Updated Restructuring Plans; Up to $18.6B More Needed; Outlines for Product Plans

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The plans, updated in the context of a worsening sales outlook for the entire auto industry, outline a need for up to an additional $16.6 In the US, GM will focus on its core brands; Chevrolet, Cadillac, Buick and GMC. Pontiac will serve as a focused brand with fewer entries, within the Buick-Pontiac-GMC channel.

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Fitch Ratings: US automakers well positioned for weak demand in 2012; estimates break-even for Detroit 3 at 10.5M units

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than was seen in 2010 and 2011. Exceptions include GM’s Buick Verano, Cadillac XTS, Chevrolet Malibu, and Chevrolet Sonic; and Ford’s Focus, Escape, and C-MAX. —“2012 Outlook: US Auto Manufacturers and Suppliers”. tightening regulations, but also by the competition to offer new vehicle features.

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