GM expects to sell more vehicles abroad than in US

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Old 11-25-2005, 03:44 PM
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GM expects to sell more vehicles abroad than in US

GM expects to sell more vehicles abroad than in US: report
Nov 25 2:44 PM US/Eastern


General Motors Corp. expects to sell more cars and trucks in foreign markets than in the United States this year, its top executive said in an interview.

"There's a lot of good things that happen if we're successful around the world," chairman and chief executive Rick Wagoner was quoted by The Detroit News as saying.

"We're long past this idea that, gee, we should only be good in the US and shouldn't invest somewhere else."

Wagoner told The Detroit Free Press that he was surprised recently to learn from the automaker's marketing analyst, Paul Ballew, that GM likely will sell 4.5 million vehicles in the US and 4.6 million abroad this year.

"That's a trend that's going to make the company look very different," Wagoner said.

In 2004, GM sold 4.7 million cars and trucks in its home market and 4.3 million in other countries, according to the newspaper. In 2003, GM sold 20 percent more vehicles at home than abroad.

Nonetheless, Wagoner said GM still must stem losses in its North American operations to reverse the company's slide.

"Our fate is going to be determined in the next three to five years on getting this business in the US turned around and profitable," he was quoted as saying.

Wagoner said he has concerns about the situation at bankrupt Delphi Corp., GM's former parts subsidiary where a showdown is looming with labor.

But he said all three parties need to find a compromise that averts a catastrophe.

"If we all act purely in our self-interest," he said of GM, Delphi and the United Auto Workers, "any one of the three of us could blow the place up. That doesn't sound like a winning strategy ... If everybody steps back and thinks about what we really need to do here, the possibility of coming to a reasonable agreement is much, much better than the possibility of the thing blowing up."
GM just wrote off the U.S. They folded.
Old 11-25-2005, 06:16 PM
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I wouldnt go so far as to say they're writing off US market. Rather, market demand for GM products is shifting to and growing in other parts of the world whereas its stagnating/waning stateside. ( i.e.: Buick sells like crap domestically but the Buick brand in China is becoming HUGE.)
Old 11-25-2005, 06:27 PM
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It understandable for the GM brands I see in europe like Opel. The designs are way better.
Old 11-25-2005, 09:14 PM
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Originally Posted by Moog-Type-S
GM just wrote off the U.S.
Oh, they've been doing that for a long time now.

But enough GM-bashing. Buick in the US still outsells Saturn in the US.
:ib natteringnabobsofnegativism:
Old 11-25-2005, 09:16 PM
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Sad that a U.S. company cannot understand or come to grips with what U.S. consumers really want.
Old 11-26-2005, 10:24 AM
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Originally Posted by Moog-Type-S
Sad that a U.S. company cannot understand or come to grips with what U.S. consumers really want.
Indeed!
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