It appears they have a plan. I am guessing that this will be their worst quarter in Europe. If they beat estimates their this quarter, things will be looking very good indeed. I give that no better than 50/50.
While Japan and China feud. Toyota got Currency help from Japan to cover loses in China. A full year of Stimulus in Japan the closed market.
.On the bright side, 2013 could see the situation turning around as the automaker plans to introduce a total of 13 new or refreshed models under the Chevrolet brand. The refreshed models, including newer versions of Silverado and GMC Sierra, could help lift pricing and eventually improve margins.
The Dragon Sizzles
China accounts for more than 30% of the automaker’s global sales. In fact, GM now sells more vehicles in China than it does in the U.S. In 2012, it sold 2.8 million vehicles in the country, up 11% year-on-year.  One of the reasons why GM is successful in China is because it has a strong portfolio of entry-level and low cost cars.
The automaker already has a China specific brand called Baojun under which it sells two models, the Baojun 630 which starts from $10,000 and the Le Chi that costs $6,400 upwards. It also has an array of microvans under the SAIC-GM-Wuling JV as well. GM is present in China through 10 joint ventures although the SAIC-GM-Wuling JV accounts for almost half of the sales.