New GM comes out of bankruptcy in 40 days


 july 10 would be a new beginning for General Motors. GM has gone through the bankruptcy  for 40 days period and had come out of it within a very short span of time. The new GM has done away with all its regional operations and has removed all operational areas from Latin America, North America, Europe and Asia Pacific. It has now set up an international operation office at Shanghai which sows the emphasis and importance of Chinese market.
According to latest sales statistics, China has sold over more than six million units during the first half year. China has emerged as the largest auto market in the world followed closely by US and Japan.
Nick Reilly, the former GM president for Asia was appointed as the executive vice president for General Motor  International operations.  This shows the remarkable performance on China led Asia Pacific market which was given due credit by the head office.
According to an reputable web site, China has garnered all the attention from the global auto market owing to high auto demand rate, good robust market growth rate and stable economic environment. The North America auto industry which in recent times has been affected by bankruptcy cases such as Chrysler and GM.

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