GM is such a success in China that its sales on the mainland have now soared past the U.S. GM sales in the United States were 1.08 million during the first half, more than a hundred thousand units below Chinese volume. GM says this is the first time any overseas market has outsold GM's domestic market.
GM is expected to emerge from bankruptcy with an IPO near the end of the year. Fat profits from China could bolster its share prices. (GM's partner in China, SAIC, is traded only in Shanghai.)