U.S., China, and Europe biggest markets to establish growth
General Motors (GM) foresees global industry growth driven by the United States, China, and Europe for 2014. With this outlook and the introduction of key vehicles globally, GM expects its better earnings with improved underlying operating performance more than offsetting increased restructuring expense.
“We continue to perform well in the two most important markets in the world, the U.S. and China,” said GM CEO Mary Barra. She continues, “We’re taking advantage of our strength in these countries to restructure and make the investments necessary to grow profitably in other parts of the world.”
In the Deutsche Bank 2014 Global Auto Industry Conference in Detroit, GM President Dan Ammann shared the outlook with investor analysts.
Last year, GM launched 18 vehicles in United States. For this year, the company will introduce 15 new or upgraded models in the market. In China, GM along with its joint venture partners will introduce 17 new or upgraded models in 2014. GM has also plans to open four additional plants in China in 2015, which would increase production to up to 5 million units annually.
“In 2014, our focus will remain on winning customers by delivering new vehicles with compelling value and outstanding quality,” Ammann said. He continues, “Our ongoing work to transform our company into a formidable competitor in every market we serve will continue unabated.”
In 2014, the vehicles to be introduced in key markets globally include the Chevrolet Silverado HD, Tahoe, Suburban, Colorado, Aveo and Sail, Cadillac ATS Coupe, CTS and Escalade, GMC Sierra HD, Yukon XL, Denali XL, and Canyon.