China is now the biggest car market in the world; which is good news for GM and Ford?

Buickchina

With 1.3 billion people it was bound to happen, but still most experts were surprised that in the first six month of this year China surpassed the United States as the biggest car market in the world.

June car sales in China soared a whopping 36.5 percent from a year ago, and total Chinese car sales for the first half of the year ballooned to 6.1 million.

The good news is that for both Ford and General Motors this means that
while sales in the U.S. are either down or stagnant…in China they are
booming.

"It was really hard for our auto industry to achieve such a proud
result against a backdrop of general gloom in the international auto
industry," the China Association of Automobile Manufacturers said

According to Yahoo Finance:

"General Motors Corp. said its China sales in the first half soared
38 percent from a year earlier, while GM's U.S. operations were forced
to obtain government aid and reorganize under bankruptcy court
protection.

Ford Motor Co. said its first-half China sales were up 14 percent."