General Motors Plans $3 Billion Expansion in China

China is the world’s third-largest market for cars and trucks, behind Japan and the U.S. General Motors Corp. The country has about 16 cars and light passenger trucks per 1,000 people, compared with about 700 in the U.S., 598 in Japan and 91 per 1,000 in Thailand, according to estimates from Lexington, Massachusetts-based consulting company Global Insight Inc.

He predicts the world’s most populous country will have about 51 cars and light passenger vehicles per 1,000 people by 2014.

Bloomberg