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Stock impact report

China Goes From Zero To Australian Market Triumph In A Decade [Yahoo! Finance]

General Motors Company (GM) 
Last general motors company earnings: 2/5 08:05 am Check Earnings Report
US:NYSE Investor Relations: gm.com/investors/index.html
Company Research Source: Yahoo! Finance
NurPhoto via Getty Images It has taken the Chinese auto industry a decade to go from a standing start to becoming the biggest importer into the Australian car market. February marked the first time China had toppled the Japanese importers, who had dominated the Australian market since the closure of domestic carmakers Ford (2016) and General Motors' Holden brand (2022). The Chinese automakers now hold a fraction under a quarter of the Australian new car market, according to the Federal Chamber of Automotive Industries's VFACTS sales tracking service. The Chinese expansion is the third Asian wave for Australia, following the Japanese push that got serious from the 1970s, then the South Korean surge from the 1990s. But where the Japanese industry saw Nissan, Mitsubishi and Toyota all manufacture locally, the Hyundai Motor Group push didn't, and neither will the Chinese industry. The 22,362 Chinese-made vehicles sold in Australia in February overtook Japan (21,671), Thailand Show less Read more
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