GM Stock Debuts with China Under the Hood

General Motors boasted a whopping 13 percent share of the Chinese auto market in June – a significant achievement for the iconic American carmaker.

That and other positive sales data underlined the groundbreaking roles played by China and the growing Chinese auto market in GM's recent initial public offering on the New York Stock Exchange, which raised about US$ 20.1 billion from stock priced at US$ 33 a share.

In addition to its status as a recipient of a 2009 U.S. taxpayer bailout preventing its collapse, GM's fortunes have become increasingly connected to Chinese sales, manufacturing, investors and investment bankers.