New GM International Operation Settles in Shanghai, Second Only to Detroit Headquarter...

New GM International Operation Settles in Shanghai, Second Only to Detroit
Headquarter in Significance

HONG KONG, July 12 /PRNewswire-Asia/ -- GM has gone through the bankruptcy and
reconstitution process within 40 days- a "lightening" speed, emerging as the
new GM on July 10 formally. The reconstituted new GM has given up all its
previous regional operation systems and withdrawn the establishment of
operational areas in Latin America, Europe, North America and Asia Pacific. It
has settled its global operational base in Shanghai instead, coordinating its
operations in various areas around the world, demonstrating the profound
emphasis GM has placed on Chinese market. According to figures, China's auto
sales surpassed 6 million units in the first half of the year, becoming the
largest auto market in the world followed by U.S. and Japan. Meanwhile, during
the same period, GM (China) Investment Corp. and its subsidiary joint ventures
have collectively posted an auto sale of 814,442 units, up 38.0% from the same
period in the previous year, registering a new high in GM's half-year auto
sales in China.

The new GM set up an international operation base in Shanghai immediately
after its reconstitution, appointing Nick Reilly, the former President of GM
Asia Pacific, as the Executive Vice President of GM international operations.
This demonstrably shows that the commendable performance on the China-led Asia
Pacific market is recognized by the headquarter.

Fairtheworld.com points out that, China has become the delicious cheese which
much coveted by auto makers around the world. Huge automobile demand, robust
market growth rate, strong desire for auto technologies and a relatively
stable economic environment emerging from the financial crisis have all
contributed to its appeal to global auto makers. Especially the North America
auto industry, affected by the bankruptcy cases of giants such as Chrysler and
GM, is having a hard time as whole vehicle makers on the entire industrial
chain struggles, dragging down various car parts makers into bankruptcy along
with them.

Fairtheworld.com has been closely watching the development of the global auto
market, and opened an Automobile Hall accordingly, in the "Fair N Fair" 3D
Virtual Expo platform developed on its own. It is stepping up efforts to
invite high-end auto-related enterprises around the globe to enter the
exposition. Differentiated strategies can be put forth through "the use of 3D
virtual reality technology" and "a tight access standard favoring high-end
enterprises"; making itself shine out from scores of mediocre e-commerce
platforms around the world. The high-end access system has set apart the
global industrial Top 500 enterprises from thousands of SMEs, building up a
VIP Club that gathers together global high-end enterprises.

Deeply rooted in its Chinese background, Fairtheworld understands China
perfectly. Fairtheworld possesses expertise in e-commerce, market access,
public relations and other areas, hence is nicely placed to assist global auto
enterprises in their entries into China. "Fair N Fair" is a powerful tool for
global auto enterprises to seek joint-venture partners, expand marketing
channels and recruit professional talents.
For more information, please contact:
Dodona Song
Cell: +86-159-1626-1151
Email: news@fairtheworld.com

SOURCE Fairtheworld

Dodona Song, Cell: +86-159-1626-1151, news@fairtheworld.com