Bloomberg: Ron Harbour On GM In The Chinese Market
May 23, 2018
Oliver Wyman partner, Ron Harbour, was quoted in a story titled, “GM is Building Cheap Cars for China’s Masses” in Bloomberg Businessweek.
This article explores General Motor’s (GM) profitable made-for-the-mainland Baojun brand that sells for as little as $6,000. This gives GM an advantage in the Chinese market with sales going up tenfold since 2013. According to Harbour, “in Liuzhou, autoworkers make $5 to $7 an hour, compared to $10 an hour in Beijing or Shanghai.”
To read the full article, click here.