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GM Looks Overseas For Opportunities

By KBB.com Editors on November 18, 2008 7:43 AM
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While General Motors is struggling in the U.S., it's looking to expanding markets overseas. GM just spent $300 million to expand its factory in St. Petersburg, Russia. The plant now has the capacity to build 170,000 vehicles a year, and will build the Opel Antara and Chevrolet Captiva sport utility vehicles as well as the Chevrolet Cruze and Opel Astra sedans. "Russia is poised to become Europe's No. 1 car market for GM as early as 2009," said Carl-Peter Forster, president of General Motors Europe. "(GM) is the leading non-Russian manufacturer. That's a position we aim to keep." GM already has a joint venture plant in Uzbekistan, which has the potential capacity of a quarter-million vehicles a year. GM also operates two manufacturing plants in India, and has five joint-venture manufacturing plants in China, all in addition to plants in South Korea, South America, Africa and Europe.
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