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Posts Tagged ‘GM China news’

GM Sales Top 4M in China for First Time

China totals more than 1M more than U.S.

by on Jan.04, 2018

GM Executive Vice President and GM China President Matt Tsien said the automaker set a new sales record in China.

General Motors and its joint ventures sold more than 4 million vehicles in China last year, marking the first time its topped that mark, the automaker said. The total accounts for more than half of the company’s global sales.

GM’s retail sales in China totaled 4,040,789 units, up 4.4% from the previous high in 2016. China was GM’s largest retail market for the sixth consecutive year. In contrast, GM sold barely more than 3 million vehicles in the United States.

Global Auto News!

GM Canada sold 302,826 vehicles in 2017, up 13.3% over the previous year. Other regions haven’t reported but the company pulled out of the European market in last summer by selling its stake its stake in Opel and Vauxhall to PSA. (more…)

GM, Ford Sales in China Move in Opposite Directions

GM sales hit record highs in August.

by on Sep.07, 2017

Ford's overall sales fell in August, the EcoSport posted an increase, as did the Lincoln brand.

General Motors set a new record for sales in China during August, but Ford Motor Co. reported that the company’s sales declined 1% last month.

According to Ford, China vehicle sales came in at 97,863 units, down 1% year over year versus a decrease of 7% in July. Through the first eight months of 2017, Ford’s sales in China have dropped 6% year over year, compared with a rise of 6% year ago

Global Auto News!

One bright spot for Ford were sales of the luxury Lincoln brand, which topped 5,000 units in August. It was the first time Lincoln sales surpassed 5,000 unit. (more…)

GM Plans to Launch 18 New Models in China in 2017

Automaker leaning toward green vehicles.

by on Jan.20, 2017

GM plans to introduce 18 new vehicles into the Chinese market this year. The automaker set a sales record in China last year.

After setting a sales record in 2016, General Motors China plans to launch 18 new and refreshed models this year to achieve continued growth in what is now company’s largest retail market.

Half of the models to be introduced in 2017 under the Buick, Chevrolet, Cadillac, Baojun and Wuling brands will be SUVs or MPVs, GM executives said. The products are expected to build on GM’s 2016 sales record of 3.87 million vehicles.

Global Auto News!

“2017 will be an even better year for General Motors in China,” said GM Executive Vice President and President of GM China Matt Tsien. “We will continue to create safer, simpler and better ways for customers to move about productively and enjoyably.’’ (more…)

GM Enjoys Another Robust Sales Month in China

Automaker rides demand for SUVs to 16.9% increase.

by on Jun.03, 2016

GM Executive Vice President and GM China President Matt Tsien said GM was selling SUVs and MPVs in big numbers in China.

General Motors sales skidded in the U.S. in May, but continued to climb in the critical Chinese market.

Despite the slower than expected growth of the Chinese economy, GM reported its joint ventures increased 16.9% with the delivery of 295,282 vehicles across China. The Buick, Cadillac and Baojun brands and SUV lineup reached all-time highs for deliveries as well in May, according to GM China president Matt Tsien.

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“GM vehicle deliveries in China achieved robust growth in May,” said Tsien. “While demand for our SUVs, MPVs and luxury vehicles remained strong, we also saw impressive demand for passenger car models such as the Buick Excelle GT.” (more…)

GM Sales in China Jump in April as Ford Falls

SUVs, MPVs, luxury vehicles still drawing buyers.

by on May.06, 2016

GM Executive Vice President and GM China President Matt Tsien said GM was selling SUVs and MPVs in big numbers in China in April.

General Motors and its Chinese partners said its sales increased 7.5% during April from the same month last year, while Ford Motor Co. reported an 11% decline for the same period.

GM said the company’s sales increase was focused on new segments and sport utility vehicles, which were up 107% from the same period a year earlier, while Cadillac luxury vehicle sales increased 13% in April from the previous year.

Global News!

So far, in the first four months of 2016, GM and its joint ventures’ deliveries increased 1.7% year over year to a record 1,241,631 units. (more…)

GM China President Predicts Growth in Future

Tsien expects popularity of SUVs, EVs to help drive sales higher.

by on Apr.28, 2016

GM China President Matt Tsien told reporters in Detroit today that he expects the Chinese market to continue to grow for the automaker.

China now accounts for roughly 37% of General Motors’ global sales, making it the automaker’s single largest market in the world, Matt Tsien, president of General Motors China, said during a meeting with reporters at GM headquarters in Detroit.

Tsien said it is difficult to predict if that percentage will continue to grow in next several years. “You have to know what the rest of the world is going to do to answer that,” he said.

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But GM expects the Chinese market to expand from the 25 million units sold last year to 30 million units in 2020. “That’s like adding a market the size of Australia every year for the next five years,” he said. (more…)

GM Expecting More Growth in China

Maker plans to unveil 60 new products in next five years.

by on Mar.22, 2016

General Motors opened its new plant in Shanghai that will build the Cadillac CT6 for China.

Despite the softness in the Chinese economy, General Motors announced plans to introduce 60 new products in the China during the next five years, GM executives said this week.

During a visit to Beijing, GM President Dan Ammann announced the GM strategic plan for the next five years to fuel its growth momentum in China, where it now is the second-largest carmaker just behind Volkswagen.

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The strategy will provide an even stronger product mix, greener technologies and smarter solutions for personal mobility in the world’s largest vehicle market, according to Ammann. (more…)

GM Opens New Plant in China for CT6

New plant can build seven different vehicles simultaneously.

by on Jan.21, 2016

General Motors opened its new plant in Shanghai that will build the Cadillac CT6 for China.

General Motors opened a new Cadillac plant at its SAIC-GM joint venture in Shanghai to build the CT6 luxury sedan for the Chinese market even as the growth of China’s economy limps along at its slowest pace in 25 years.

The new state-of-the-art manufacturing facility in Shanghai will support the growth of the Cadillac luxury brand in China while strengthening GM’s overall industry position, GM executives said.

China News!

“This is another major milestone for Cadillac in its second-largest market,” said GM Executive Vice President and President of GM China Matt Tsien. “Local production will enable us to satisfy growing demand for luxury vehicles through the introduction of more Cadillac models built in and for China.” (more…)

GM Confirms Plans to Import Compact CUV from China

New Buick Envision would be first Big Three product sourced from Asian nation.

by on Dec.07, 2015

Sales of the Buick Envision in the China have gone gangbusters and now GM plans to bring the hot-selling crossover to the U.S.

General Motors has confirmed plans to import its first Chinese-made vehicle, a compact crossover that will be sold in the U.S. as the Buick Envision.

Currently, only one other vehicle produced in the Asian nation is sold in the States, a limited-volume, stretched version of the S60 sedan sold here as the Volvo Inscription. Efforts to open an export market by various Chinese manufacturers, such as Volvo’s parent Geely, have repeatedly been postponed.

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GM’s decision is generating some opposition, notably from the United Auto Workers union, which issued a statement advising the maker it “should reconsider this decision and place this product into one of their facilities in the United States.” (more…)

GM Enjoys Banner November Sales in China

SUV sales rise 231% during the month.

by on Dec.04, 2015

GM’s sales of utility vehicles surged 231% on an annual basis, led in part by the Buick Envision.

The pace of economic growth in China has slipped below 7%, but General Motors has managed to eke out monthly sales increases despite selling environment marked by prices cuts, rising inventories and intense competition from indigenous Chinese brands.

Despite concerns over the Chinese economy, GM and its joint ventures, with the help of an aggressive schedule of new product launches that started last summer, had their best November sales ever, the automaker said.

China News!

Sales by GM and its partners advanced 14% on an annual basis to 346,671 vehicles. During the first 11 months of 2015, retail sales by GM and its joint ventures in China have increased 4.1% on an annual basis to a record 3,166,791 units. (more…)