Fine China

When you hear talk about the global automotive market, most of what's talked about are the imports.
But here's something that's pretty interesting.
Our big three U.S. also do a lot of exporting of vehicles and in some ways the foreign markets have been more successful for some than the North American market. Not long ago, in a conversation with an executive with one of the big three, I learned that they were doing well outside of the U.S. and that the exports were helping greatly.
So now comes news that GM set a sale record in China in September and that total sales for the first nine months of the year are up 55 percent.
One thing working in GM's favor are Chinese government incentives toward vehicles that are more environmentally friendly and its interesting to note that first time buyers in smaller Chinese cities helped drive GMs numbers.
What does this all mean? Well, perhaps this is a glimmer of good news for the future of GM as it emerges out of bankruptcy. Sure hope so!