General Motors and Ford Motor Co. have ended 2012 with all-time sales records in China — but the news is nowhere near as good for Japanese makers.
Stung by a dispute between China and Japan over a chain of uninhabited islands in the East China Sea, Toyota, Nissan and Honda have all suffered a sharp decline in sales in what has become the world’s largest automotive market.
While General Motors has yet to release its final figures for 2012, the maker already passed its previous peak by the end of November, the 2.59 million vehicles it sold for all of 2011. GM has set a goal of boosting sales in China to 5 million by mid-decade.
Ford, meanwhile, has confirmed its sales in China rose 21% last year, to 626,616, also an all-time high. The maker was a relative latecomer to the Chinese market but has been aggressively expanding both its product portfolio and production capacity over the last several years.