“Our goal isn’t to survive another ten years and keep winnowing down,” General Motors Chairman Rick Wagoner told TheCarConnection.com at an appearance at the Shanghai Motor Show, on Friday.
The CEO of the world’s largest automaker said his top priority remains fixing GM’s troubled North American core, reversing steady declines in sales, market share, and profits that have indeed forced the company to steadily whittle back both aspirations and production capacity.
following the preview of a new Chinese concept car, the Buick Riviera, Wagoner
also made it clear that growth outside
“We’re not going to sacrifice tomorrow for today,” Wagoner said, during an interview with TheCarConnection.com and several other reporters.
Recognizing GM can no longer
support so many independent marques, the company has been consolidating some weaker brands into
new distribution groups. In the case of Buick, it is being paired with the
equally-troubled Pontiac and the stronger, truck-focused GMC division. By
reducing duplication of products, Buick now has only three models in the
It’s a very different story in
That doesn’t mean Buick will fade
away in the States, Wagoner asserted, adding that, “Doing well in
Wagoner acknowledged that GM was, to
some degree, lucky landing a joint venture, a decade ago with Shanghai
Automotive Industry Corp., or SAIC, with which it today produces a variety of
brands and models in China. The successful partnership helped GM rack up sales
of 289,000 vehicles in