Summary Box: GM teams with China’s Shanghai SAIC on new engine development for small cars
By APWednesday, August 18, 2010
Summary Box: GM teams with China’s SAIC on engines
TEAMING UP: General Motors Co. and Chinese partner SAIC have partnered to develop fuel-efficient small engines and transmissions, focusing squarely on the fastest-growing part of China’s huge auto market.
THE PRODUCT: The companies will develop a 1 liter to 1.5 liter direct-injection, turbocharged gasoline engine to be used in China and in globally sold vehicles. The work will be done in Detroit and Shanghai.
THE MARKET: China last year became the world’s biggest auto market by number of vehicles sold, and automakers like GM are looking to the country to drive revenue and offset weak demand elsewhere. Growth has fallen off, though, since a boom last year fueled by tax cuts and government stimulus subsidies.
