General Motors October China Sales up 14.3% on Year
I forked tongue you have. A joint venture that does belong to china 100% First message said that China had 12 joint ventures. When they give false information i respond with the truth. Good thing no one pays attention to what you say! The per fee per car goes down each year!!!!!!
General Motors' (GM) third quarter earnings were so strong, in response its stock rose more in one day (9.6% on the day earnings were released) than any day since its post-bankruptcy public offering. In the quarter, the company posted revenue of $37.6 billion, up over two percent from the $36.7 billion a year ago. Profits came to $1.48 billion, or $0.93 per share. The profits came in about 15% below the third quarter of last year, but the profit level swamped analysts' expectations, which were for about $0.60 per share.
As I told you once, it would be beneficial to you to learn how to read SEC filings. Take for example GM's 10K dated 2/27/12. On page 121 it shows GM's joint ventures and it's direct ownership of those ventures. Obviously you'll never be able to find it with your illiteracy of common company data, so I will list them for you below:
Shanghai General Motors Co., Ltd. (SGM) 49%
Shanghai GM Norsom Motor Co., Ltd. (SGM Norsom) 25%
Shanghai GM Dong Yue Motors Co., Ltd. (SGM DY) 25%
Shanghai GM Dong Yue Powertrain (SGM DYPT) 25%
SAIC−GM−Wuling Automobile Co., Ltd. (SGMW) 44%
FAW−GM Light Duty Commercial Vehicle Co., Ltd. (FAW−GM) 50%
Pan Asia Technical Automotive Center Co., Ltd. 50%
Shanghai OnStar Telematics Co., Ltd. (Shanghai OnStar) 40%
Shanghai Chengxin Used Car Operation and Management Co., Ltd. (Shanghai Chengxin Used Car) 33%
SAIC General Motors Sales Co., Ltd. (SGMS) 49%
As an earlier poster informed you, GM has a 9.7% margin on Chinese sales ($7.945 billion in sales, $769 million in net income.
Every time you post you expose your ignorance a little more. Does that bother you even a little??