In the first half of this year, G.M.’s sales in China rose 48.5 percent over the same period last year, where it sold more vehicles in China than in the United States.
“China’s a big piece of the value of the company,” Stephen J. Girsky told The New York Times, who is G.M.’s vice chairman for corporate strategy and business development. “And since we pull cash out of China, it helps fund investments in other parts of the company as well.”
Analysts estimate G.M. is worth between $50 billion to $90 billion, with China accounting for about $15 billion of that total.
“During the bankruptcy process, G.M. China was the beacon in the night that G.M. always had in its back pocket, and China will be a vital cog in G.M.’s machine going forward,” Michael Robinet told The New York Times, who is an analyst with the research firm IHS Automotive.
“We don’t carry any baggage, basically. We get treated for what we deliver.”
