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Yahoo! My Yahoo! Mail Yahoo! Search Search: Sign InNew User? Sign Up News Home - Help Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Singapore Asia Pacific World Search Search: Struggling GM thrives in China AFP - Sunday, May 31 SHANGHAI (AFP) - - GM's overall future may look grim, but half a world away from Detroit in Shanghai, business has never been better. ADVERTISEMENT The US auto giant is beating sales records in China and may soon be exporting Chinese-made cars to the United States. "I don't think it makes much difference to us. Obviously we'd prefer to have this restructuring done outside the courts," Kevin Wale, GM China's president and managing director, told AFP in a recent interview. "We operate as independent joint ventures here in China so we would continue pretty much as we are today." While GM pares back at home, it may add a plant in China to meet its goal of doubling annual sales to two million within five years with products developed for "the most important growth market in the world", Wale said. That extra capacity could also help produce GM cars which for the first time would be exported from China to the United States, under a proposal the automaker has reportedly submitted to US lawmakers. GM has proposed shipping 17,335 Chinese-made cars to the US in 2011 and increasing that to 51,546 by 2014 -- representing 1.6 percent of its forecast 3.1 million cars five years from now, the Automotive News reported. China led the world in auto sales in April, and GM China's joint ventures led the pack, with sales rising 29.9 percent on year to 151,084 vehicles, driven by demand for Buicks and small Wuling "bread vans" that cost less than 5,000 dollars. "It's definitely one of the market leaders here -- in drastic contrast to their performance in the US," said Shen Jun, an auto analyst at Roland Berger. GM's first Shanghai sales office opened in 1929, boasting: "Buick owners are mostly the leading men in China." Pu Yi, the last emperor, revolutionary leader Sun Yat-sen and premier Zhou Enlai all owned Buicks. But that history is barely known, allowing GM to recast Buick as a car for China's young and fast-growing middle class. "Volkswagen has good prices and good quality, but their cars look very average, not unique," said Li Pengxiang, a 29-year-old telecoms project manager, referring to China's number two carmaker. "These new (GM) models look fresh and suit young people." GM has earned a reputation for savvy marketing with moves like enlisting "Prison Break" star Wentworth Miller -- a top celebrity in China despite the show never airing here legally -- to star in its latest campaign, Shen said. "They think they are doing much better than the parent company in the US," he said, saying GM's success in China boils down to smart decisions, good timing and luck that has put it far ahead of US rivals Ford and Chrysler. GM teamed with China's largest automaker Shanghai Automotive Industry Group or SAIC, in 1997 -- foreign carmakers here need a local joint venture partner -- after SAIC rejected Toyota and before Ford could sign a deal, Shen said. Tension among joint venture partners is common, but GM and SAIC are known to have unrivalled chemistry, according to Zhu Junyi, an auto analyst at the Shanghai Information Centre. GM spends heavily on research and development while delegating key responsibilities to its partner, he said. "German and Japanese investors are more reluctant to give away any leadership role," Zhu said. "GM has done a better job with localisation." GM's growing sales are impressive but competitors are growing faster -- Hyundai shot up 74 percent on year last month while Nissan sales grew 55 percent, Shen said. Even as the Chinese market's growth slows -- to eight percent in 2008 after years of double digit growth -- more players are piling in. "The Japanese automakers are steamrolling China's auto market," said Eric Xu, head of Timer-Auto Consulting in Shanghai. Email Story IM Story Printable View Blog This Sign in to recommend this article » 0 users recommend Related Articles: China's Economy SKorean carmaker Ssangyong closes strike-hit plantAFP - Sunday, May 31 India economy headed higher: analystsAFP - Sunday, May 31 Struggling GM thrives in ChinaAFP - Sunday, May 31 After stumble, US Treasury reaches out to ChinaAFP - Saturday, May 30 Related Articles: Business Reliance Power in talks with Australian miners-paperReuters - Friday, May 29 India's Suzlon agrees on final payment for REpowerReuters - Friday, May 29 NZ dollar sits at highs after budget; bonds gainReuters - Friday, May 29 Vietnam cbank to accept dollar bonds as collateralReuters - Friday, May 29 Indian bond yields cautious before borrowing reviewReuters - Saturday, May 30 Enlarge Photo Struggling GM thrives in China Related Photos Slideshow Full Photo Coverage: Business & Economy Related Full Coverage China Economy china economy All Full Coverage Most Popular – Business Viewed Vitamin D boosts brain power in middle-aged men US lab debuts super laser Ancient eruption 'killed off world's sea life' Music icon Spector gets 19 years for murder Jewels worth six million euros stolen from Paris store: police View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Copyright © 2009 Yahoo! 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