CORPORATE NEWS: "GM Launches Truck Venture in China: Agreement with FAW Is Part of Auto Maker's New Focus on a Growing Market," by Norihiko Shirouzu and Patricia Jiayi Ho, Wall Street Journal, 31 August 2009.

Very ouch! We're talking 100k vehicles assembled per year by next year. The total joint venture now approaches 200k vehicles per year.

But no choice: light trucks in China represent half the global market.