Big Three Automakers in China Sales Deals
General Motors Corp., Ford Motor Co. and DaimlerChrysler said they reached agreements with China to increase imports of U.S.-built cars and trucks to Asia’s second-largest economy.
All three companies scheduled announcements today about the accords. They declined to provide details.
The automakers want to raise their share in China, which may pass Germany this year as the No. 3 vehicle market, behind the U.S. and Japan. The U.S. and Chinese governments also are seeking to increase U.S. imports and reduce a Chinese trade surplus.
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