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Is it all about China? General Motors (GM +3.6%) trades higher after the impact of China on the...

Is it all about China? General Motors (GM +3.6%) trades higher after the impact of China on the automaker's Q1 results starts to get fully digested. Barclays notes China accounted for $0.40 of the $0.58 profit GM put in during Q1, while Detroit Free Press reporter Nathan Bomey tabuluated GM sold more cars in China than Europe, South America, India, Canada, and Mexico combined.
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Comments (4)
  • Tom Guttenberger
    , contributor
    Comments (717) | Send Message
     
    American companies selling to China getting excellent pop off their consumer and upward guidance. Chinese companies selling to the same consumer will have their P/E ratios just logarithmically converge to 0.
    3 May 2013, 09:56 AM Reply Like
  • Raymondalpha
    , contributor
    Comments (76) | Send Message
     
    As long as America is exporting, our economy gets stronger. Now we have to reduce our imports from Japan, South Korea, Germany and Italy, and consume more domestic products.
    3 May 2013, 12:33 PM Reply Like
  • Sam Liu
    , contributor
    Comments (3864) | Send Message
     
    "consume more domestic products."

     

    What products would that be?
    3 May 2013, 03:30 PM Reply Like
  • 1980XLS
    , contributor
    Comments (3333) | Send Message
     
    Sales to China does not mean Autos exported to China from the US.

     

    The majority of the vehicles GM sells in China, are produced in China via it's partners.

     

    There is much industrial espionage risk, hence GM blocking Spyker's ability to sell Saab.
    5 May 2013, 09:20 PM Reply Like
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