GM CEO sees China’s auto-mar­ket share grow­ing

China Daily (Canada) - - NEWSCAPSULE -

Gen­eral Mo­tors Co’s de­part­ing CEO pre­dicts “one or two global Chi­nese cham­pi­ons” will be­gin to snatch mar­ket share from Amer­i­can au­tomak­ers in “20 to 30 years”.

“It’s only a mat­ter of time,” Daniel Ak­er­son told a Na­tional Press Club lun­cheon in dis­cussing the largest US au­tomaker’s in­vest­ment plans and the state of the auto in­dus­try.

China, which over­took the US in 2009 to be­come the world’s largest au­to­mo­tive mar­ket by sales, does not ex­port any do­mes­ti­cally pro­duced ve­hi­cles to North Amer­ica, with the ex­cep­tion of small trucks and vans.

Ak­er­son is a for­mer tele­com ex­ec­u­tive who joined GM in 2010. He will step down Jan 15 and be suc­ceeded by pro­duct­de­vel­op­ment chief Mary Barra, the first woman to hold the CEO post.

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