GM appointed Tim Lee as the chairman for the automaker’s Chinese unit, as the company plans to expand in the world largest auto market.

Tim Lee, has previously served as the head of GM’s international operations, but in his new position he will oversee more than 55,000 employees and 12 JVs. Lee, 62, will also keep his job as executive vice president of global manufacturing.

“China obviously is a priority for a high-ranking executive to be here,” said Yale Zhang, a Shanghai-based managing director of auto consultancy Autoforesight Shanghai Co. “It shows the importance of this market to GM.”

In 2012 GM sold 2.84 million vehicles in the Chinese market, its biggest market, and this year it plans to deliver 3 million vehicles. The automaker will make an investment of $11 billion by 2016 to add new products and plants. GM will build four plants in this market to increase production capacity to 5 million units annually by 2015.

“We are also in the midst of the most aggressive product rollout in our history,” Dan Akerson, GM chairman and CEO said in the statement. “Tim is critical to building on our success in China and to ensuring flawless vehicle launches around the globe.”

Source: Bloomberg


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