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GM Plans to Stay in Passenger Car Business, Reuss Says

Car czar also explains how Chevy Bolt came to life.

by on Jan.12, 2017

GM's Mark Reuss told an audience in Detroit last night that the company plans to remain in the passenger car business.

Unlike some of its competitors, General Motors has no plans to pull out of parts of the passenger car business, GM Executive Vice President Mark Reuss told the annual Automotive News World Congress.

“We really don’t have to,” he said.

Global Auto News!

Reuss said General Motors global scale allows it to continue building cars in various segments. GM does plan to retire older models that are now sold in more remote markets outside the United States, but they will be replaced by vehicles built from global platforms that serve multiple regions, he said. (more…)

GM, Ford Enjoy Blistering Sales Pace in China

Automakers tracking to set new records.

by on Aug.13, 2014

GM's China operations sold their 2 millionth vehicle during 2014 last month. It marks the five straight years they've hit that mark.

General Motors and Ford continued to roll up record sales in China last month where both companies are continuing to expand their presence in what has become the world’s largest automotive market.

GM reported its joint ventures in China set a new domestic sales record for July, by selling nearly 250,000 as demand increased 12.7% from the same month in 2013. In addition, GM has now sold more than 2 million vehicle in China, marking the fifth consecutive year and the earliest ever that GM has reached the milestone.

Auto Insight!

Ford China sales grew by 25% in July with 90,775 vehicles sold, compared with 72,834 sold in July 2013. Steady customer demand for Ford’s global nameplates pushed year-to-date sales to 640,031 vehicles, up 33% from 480,555 sold during the same period last year and putting the company in striking distance of selling more than 1 million vehicles in China for the first time. (more…)

U.S. Auto Sales “Tracking Very Strongly”

Incentives help key makers, notably Toyota.

by on Mar.15, 2010

Auto sales are trending up an incentives, like those on the 2010 Toyota Corolla, get much of the credit.

Spurred by some of the heftiest incentives in some time, industry observers report seeing significant signs of growth in the U.S. auto industry during the first part of March.

At least one well-regarded analyst is forecasting that demand could reach an annualized rate of 13 million for the month overall should the pace continue.  That would be one of the best months the American market has experienced since the recession began, in late 2008, excluding the impact of last year’s Cash for Clunkers program.

“U.S. auto sales ar tracking strongly,” said Deutsche Bank analyst Rod Lache, in a new report, adding that “several factors appear to be contributing to the uptick.”

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Among the most significant forces in the market: an increase in incentives spending by makers like General Motors and Toyota.  The Japanese makers has traditionally been reluctant to put much money on the hood, but heeded dealer calls for an incentive campaign after the disastrous, double-digit decline in sales, last month.

(more…)