Tim Lee was named chairman for General Motors Co. Chinese unit. GM is the biggest foreign car manufacturer in China. The company has geared up for expansion in the biggest auto market in the world.
The newly created position would allow Lee to oversee 12 joint ventures. Tim Lee is the head of General Motors' international operations. He would oversee approximately 55,000 workers as he sits in the new position in GM's Chinese unit. The report on the new appointment was according to a statement issued by the company on its website.
Tim Lee will retain his position as executive vice president of global manufacturing in General Motors Co. GM China's president, Bob Socia will report to Lee.
Last year, GM sold a total of USD2.84 million cars in China. This made the country the largest single market of the company. This year, GM has expected to deliver around 3 million cars in China. By 2015, GM aims to raise its auto production capacity in China to deliver 5 million vehicles annually. roduction capacity to five million vehicles a year by 2015.
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