The "new general" cocoon of the long-ocean bankruptcy reorganization Sound

United States time June 1 8 o'clock in the morning, the debt-ridden, heavily insolvent General Motors formally to the court to apply for the court supervision of the corporate reorganization process is bankruptcy protection. Does GM's bankruptcy have any impact or impact on its business in China and Chinese consumers?　　For Kevin Wale, president and general manager of GM's China company, it is clearly a question that is hard to avoid but has to answer. In a telephone interview with his correspondent, Kevin Wale said yesterday morning that "there has been a lot of news about GM's bankruptcy in the past few months, but GM sales have kept steady growth in the Chinese market, and the bankruptcy has not had any impact on China's business." "Of course, in a public statement to the outside world, Kevin Wale did not dare to say" absolutely ". In a statement apparently endorsed by Kevin Wale in the early hours of June 2, GM China said that "all of GM's operations in China, including its eight joint ventures, are not materially affected by its application for an out-of-court reconstruction program in the United States, and business continues to operate normally and healthily."　　The words "substantive" are worth to ponder. Sales have not been affected. GM's business in China has not been affected, if only from General Motors ' recent sales in the Chinese market. In January-May, GM's sales in China grew 33.8% per cent year-on-year. In May, GM's sales in China were set at a record high of one-month highs, selling 156,363 vehicles, up 75.2% from the same period last year. Shanghai general sales reached 56,011 vehicles, After April, again refreshed one month since 2008 sales record.　　Another GM's joint venture in China, SAIC-GM Wuling, is "unbelievable" in its record of 100,000 vehicles reaching 100,258. From the current situation, Shanghai GM this year will be expected to break the sales of 500,000 vehicles, with the second half of the Buick full new generation June Yue, the next generation of June-Wei 2.0T, Cadillac brand-new SRX and by the Pan-Asian leading research and development of the popular sedan, Shanghai GM again impact on domestic passenger car sales champion SAIC-GM Wuling, which is expected to sell more than 1 million units this year, has been the first ever to sell more than millions in the domestic auto market. GM's sales in China are expected to hit 1.5 million vehicles this year, a Chinese source said yesterday. Kevin Wale, in an interview with this newspaper yesterday morning, said: "If sales in June also maintain a good momentum, GM China will increase the annual sales target in China in July!" "While sales in the past few months have confirmed that the Chinese market has not been affected by the collapse of GM headquarters," since China's operations have been relatively independent and have been profitable for years, GM's expansion in China will not be affected, "Wale said in a telephone interview yesterday. He said the target of introducing 30 models to the Chinese market in the next 5 years and selling more than 2 million vehicles a year would not change. He revealed that in order to achieve the target of annual sales of 2 million vehicles, GM and its partners will also build a new factory in the next few years.　　And GM and FAW's commercial Vehicle project, is also continuing to promote. The eastern fulcrum of bankruptcy reorganization 1990 to 2002 years of radical global expansion, is widely regarded as the industry has led to the bankruptcy of GM before the debt crisis is one of the important reasons. In the most complex period of family members ' relations, GM, in addition to its Buick, Cadillac, Chevrolet, GM C, Horton, Hummer, Ozmorby, Opel, Pontiac, Saab, Saturn and Vauxhall, also includes Fiat, Fuji Heavy Industry, Isuzu, Suzuki, and It is also the largest shareholder of Daewoo Technology.　　In addition, GM has collaborated with BMW and Honda to develop and produce cars with Toyota, Isuzu, SAIC, Russia a V to V and Renault. But many of GM's expansion projects have not yielded revenue. After 2000 years of spending 2.4 billion dollars on Fiat's 20% stake, GM eventually had to pay a "break-up fee" of nearly 2 billion dollars for a "divorce" with Fiat, in addition to the results of a billions of dollar investment in the joint project.　　After spending $ billions of on Saab and new car development, the latter has only been profitable for a year since 2000. But despite the 2000 Fortune magazine's "China, GM's stupid decision?"　　Laughed at General Motors and then at the time, but did not think that China's business strategy, which was carefully implemented in 1995 amid skepticism, miraculously became the "Oriental Fulcrum" of today's general bankruptcy reorganization. China's business is not in the GM's restructuring, but its bright spots and prospects have boosted confidence in GM's ability to restructure and revive, according to GE insiders.　　In particular, the Buick brand, which was retained in GM's restructuring, is not ideal in the North American market, and the brand will ultimately be one of the four pillars of the new GM, and its outstanding performance in the Chinese market is undoubtedly one of the important weights. The Chinese business is clearly one of the best assets for the restructured new GM, Wale said yesterday. "Although North American business is undergoing restructuring, our core technology and research and development capabilities will be transferred to the new GM." And the new GM's stake in China's joint ventures will not change, and the development of China's business will certainly do its best. Does the "New GM" variable affect the bankruptcy of China's general business? Obviously, Kevin Wale is too afraid to say too absolutely. Therefore, in the public statement of GM China, the wording used is no "substantial" influence. Without substantive influence, it does not mean that there is no effect at all. For Chinese consumers, especially for those who are prepared to buy GM's branded products, GM's bankruptcy clearly has an impact on his/her spending choices and consumer confidence. "Do you still buy a generic brand of cars after GM goes bankrupt?" ”In the survey, a significant percentage of respondents said they would no longer opt for GM-branded cars for reasons of bankruptcy. And that is why GM's former CEO, Wagner, has been reluctant to make the option of "bankruptcy protection" for GM's way out. "Not many consumers will be willing to choose a bankrupt company's product!" he said. And more importantly, as GM China's president and general manager, Kevin Wale can only be "absolutely" responsible for past and present conditions. In the past, when GM was about to fail in the rain, GM China's market performance and projects did not suffer. But the corporate nature of the new GM has changed radically, not only as a US government holding company but also with a 10% per cent stake in U a.　　For the sake of their own interests, the future of new GM's overseas business is still a lot of variables, and the Chinese business as its important overseas business, the long-term perspective will not be affected, now no one dares to pack a ticket. Although the auto industry veteran Wu Yitiu said yesterday that it would certainly not give up a good market for the future GM, its performance should be a fairly productive business in the future of GM's global business, because regardless of market share or profit contribution, GM China has a significant share in GM's global world. But he also argues that "there is still a lot of uncertainty about the new GM, and it is the uncertainty that does not mean that China's business is completely unaffected." "Newspaper reporter Zhu Zhengzi related reports see C05 version