“There is a potential for capacity issues as we go forward,” GM China President Matt Tsien conceded on the sidelines of October’s Global Automotive Forum in this central China manufacturing hub.
But like many execs, Tsien predicted it would be rival companies feeling the squeeze, not his own.
“Our investment, in view of the potential and the growth of this market, we believe is well-placed,” he maintained.
China’s once blistering sales pace is cooling rapidly.
For the first 10 months, total vehicle sales rose 7 percent to 18.99 million units, the China Association of Automobile Manufacturers said. That compares with a 14 percent gain for all of 2013.
Sales rose just 3 percent in September — their smallest gain in 19 months — and 3 percent again in October.