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GM sees no major change in Asia investment plans

  General Motors expects no major changes in its investment plans for the Asia Pacific in the next few years, although it is cutting back on some non-essential projects, its Asia Pacific president said on Tuesday.

 

GM’s vehicle sales in China, its second-largest market outside the United States, are expected to be “significantly” over 1 million units in 2009, Nick Reilly told Reuters in a telephone interview.

“I would expect us to do a little better than the market. As I said, I think the market will be flat to slightly up next year,” Reilly said. Reilly said he saw no need to lay off staff in China but GM would not be adding new capacity in the country in the next couple of years. (Reuters)