Saturday, October 23, 2010

China Cash for Clunkers


General Motors to Sell Volt in China As Early As July 2011 - Bloomberg: "China

China has overtaken the U.S. as GM’s largest market by sales volume, as government subsidies boosted buying. Even so, GM earns more profit in the U.S. than in China.

GM’s North America operations had profits before interest and taxes of $1.59 billion in the second quarter, while the company’s international operations, including China, earned $672 million."

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