Automakers in China

With sales data for April showing double-digit declines for General Motors and Chrysler, the outlook certainly looks bleak right now for the Big Three automakers.

But there is a shining light in the East.

While American car buyers rush away from big trucks, Chinese car buyers are flocking to purchase American brands. 

Last week GM said even though it suffered a 3.3-billion-dollar loss in the first quarter becuase of weak U.S. sales, its revenue from operations outside North America in emerging markets like China, Russia, Brazil and India rose 20%.