by Zou himfr

GM's global resources will be increasingly slanted to the Shanghai General Motors. Yesterday, Ding Lei, Shanghai GM, General Manager placement for the first time, Buick will be adapted unconditionally in China. In supplement, Shanghai GM the first quarter of the economic operations of the best measures of the crosswise of a year.

As a result of General Motors in the United States filed for bankruptcy protection the probability of increasing the implementation of bankruptcy reorganization, the assets to further reduce the possibility of further increases. Prior to that, "Shanghai Securities News" exclusive disclosure of the sale of GM's Buick brand may be, and Buick in China the right to use transferred to SAIC or remain in the Shanghai General Motors. Yesterday, the Shanghai Automotive (600,104) Group Vice President Ding Lei, Shanghai GM, General Manager position for the first time, "General Motors in the U.S. on the condition of no substantive impact on Shanghai GM, as a result of the importance of the Chinese market, China has been rather more of global resources. Buick brand in China can be used unconditionally. "final decision of General Motors, Buick cleared the obstacles to the operation in China.

Ding Lei, "said Shanghai GM in 2008 ready to go in the change time span, but the position has altered by the end of 2008. With the REGAL, Cruze, for example the introduction of a new vehicle, Shanghai General Motors to go in the primary stage of force."

Today the unfastening of the Shanghai International Motor Show, the Shanghai General Motors will convey Buick, Chevrolet, Cadillac, Saab emblem, revealed a total of 33 models. 1 of which the world's first notion vehicle, revealed 5 new vehicle for the first time. In "Green future action" scheme, the Shanghai General Motors will showcase its comprehensive transformation of technical and technological power. It is wise that the focus on command and power the motor of fuel finances will become the next Shanghai GM forms were all benchmark equipment.

When talking about a lot of the first quarter of the domestic automobile enterprises to reduce production but the dilemma is quite detached Ding, "I am the first quarter of Shanghai General Motors is satisfied with the operation, especially in financial indicators over the past year to reach the best level. Future We will focus on the survival and development. "in Ding Lei, the test run is the most important indicator of the net rate of return on assets, to recover their investments in a few years to reflect the sustainable development of the capacity of enterprises. Domestic automobile enterprises are usually the net rate of return on assets is less than 30%, clearly higher than the industry of Shanghai GM's average, but Ding Lei did not disclose specific targets.

First quarter of this year, Shanghai GM traded more than 117,000 through the fourth quarter of 2008 grew 12.9%. Deputy complete overseer of Shanghai GM, said the completion of the every year sales aim is not too difficult. Speaking at the every year sales, Ding spiky out that the "cautious optimism for the future, if the macroeconomic circumstances is not much modification is in all prospect in 2009 China's auto enhance of more than 6 per 100 of total every year sales to more than 10 million. Shanghai General Motors in terms of their webs or goods are fully arranged to do a good employment, it is in all prospect to enhance to a minimum the average crosswise of the worker automobile industry.

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