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Cadillac Counting on Big Gains in China

Asian nation could soon match U.S. sales.

by on Sep.24, 2014

Cadillac is looking for big gains in China. The luxury maker has seen big gains in the country in recent years, including the new ATS.

Cadillac is counting big on China to give it some much-needed momentum, and the booming Asian market could soon be delivering volume matching that of the U.S., senior Cadillac officials indicate.

General Motors’ flagship brand is launching some of the most significant changes in its 112-year history, and expanding its presence abroad will be critical, new Cadillac chief Johan de Nysschen told TheDetroitBureau.com. But to fully meet the expectations of picky Chinese buyers, Cadillac will also have to deliver more products that are less focused on the demands of the American market.

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Only recently having launched production in Shanghai, China is already expected to see sales of about 70,000 vehicles for all of 2014, a 40% year-over-year increase. “And we could very well hit 100,000 next year,” said de Nysschen. (more…)

VW Builds Up Edge over Rival in China

Success in Asia helping maker to be largest in world.

by on Sep.23, 2014

Volkswagen AG’s various operations in China have combined to build up a significant lead over rival General Motors even as both companies chalked up double-digit sales increases during the first eight months of 2014.

Volkswagen's plants in China are still churning out new vehicles as the maker enjoyed a double-digit sales increase through August.

The VW Group’s Chinese sales have grown by 16.5% so far this year and now total 2.4 million units, giving VW a lead of roughly 140,000 units over its chief competitor. The strong sales in China also have helped the VW Group increases sales so far this despite what Christian Klinger, the executive in charge of VW sales worldwide, described as a “tense economic environment.”

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So far this year, sales the VW Group, which includes VW, Audi, Porsche, Skoda, Seat, Lamborghini and Rolls Royce, are up 5.6%. (more…)

Ford, GM Continue Torrid Sales Pace in China

Makers set May record; Ford expects to hit 1 million units in 2014.

by on Jun.09, 2014

With cars like the Focus selling well, Ford expects to surpass 1 million in sales in China this year.

General Motors and Ford continue to roll up big sales totals in China, setting sales records during May.

Ford China sales grew 32% in May with 93,323 and Ford now expects to sell more than 1 million vehicles in China for the first time ever during 2014. Year-to-date sales were up 39%, with 461,473 wholesales sold compared to 332,308 wholesales sold in the first five months of 2013, Ford said.

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“Our sales are a direct reflection of our continued commitment to bring the best of Ford to China with a great lineup of Ford cars and utilities that offer high quality, great fuel efficiency, world class safety and smart technologies,” said John Lawler, chairman and chief executive officer, Ford Motor China. (more…)

GM, Ford Post Record February Sales in China

Makers flourishing despite country’s sluggish economy.

by on Mar.06, 2014

The Ford Mondeo is a strong seller in China and helping lead the maker to rising sales there.

While the Chinese economy may be sluggish, those forces don’t seem to be hurting General Motors and Ford. The two U.S. automakers, which continue to expand their footprints in the country, posted record sales results in February after seeing strong results in January too.

GM reported its joint ventures sold 257,770 vehicles in China during February, setting a new record for the month as sales increased 19.9% from the same month last year. Continued strong demand for the Ford Focus, the best-selling nameplate in China last year, helped Ford China increase sales by 67% in February, with 73,040 vehicles sold.

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Both GM and Ford are off to a fast start despite concerns about the Chinese economy, which is facing a variety of challenges and is growing at a slower pace than in the past. China’s economy grew 7.7% last year, according to Bloomberg, and similar growth is expected again this year. (more…)

GM Sells More Vehicles in China than US Again

Maker sells nearly 3.2 million units, but VW expected to be No. 1.

by on Jan.08, 2014

The new Cadillac XTS gets a splashy launch during China's annual auto show. GM once again sold more vehicles in China than the U.S.

General Motors once again sold more cars in China than it did in the United States as the automaker and its Chinese partners shipped nearly 3.2 million vehicles to customers there, while predicting further growth in China during 2014.

“We expect vehicle sales to remain robust in 2014, driven by ongoing strong demand across China for personal four-wheel transportation,” said Matt Tsien, president of GM China. “GM will further expand our lineup of vehicles and services to remain in step with our customers nationwide.”

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Supported by strong demand for all of their major brands, GM and its joint ventures sold a record 3,160,377 vehicles in China in 2013. Sales increased 11.4% from 2012. GM sold an average of one vehicle every 10 seconds and almost 9,000 each day in China. By comparison, GM sold a total of 2,786,078 vehicles in the U.S. last year. (more…)

GM Approaching Record Sales Figures in China

Fiat/Chrysler expected to start production of Jeep Cherokee in Guangzhou.

by on Dec.05, 2013

GM's China operations are approaching the 3-million unit mark in sales for 2013: a new record.

General Motors reported its sales in China, now the company’s largest market, increased 13% in November as the company edged closer to its goals of selling 3 million vehicles to Chinese customers in a single year.

As GM is pushing toward a new record, other makers, such as Fiat SpA and the Chrysler Group, are renewing their efforts to take advantage of the growth in China. Ford, a late entrant, has committed billions of dollars to grow in China as well with impressive results to show for that investment.

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During November, GM and its joint-venture partners sold a record 294,500 vehicles in China November and is just 115,000 vehicles short of the 3-million unit mark even as key rivals, such as Ford and Mercedes-Benz, expanded their Chinese operations and sales. (more…)

New Boss for GM China

Tsien to be first Asian exec to oversee booming Chinese operations.

by on Dec.02, 2013

Matt Tsien becomes the first Asian chief of GM's huge Chinese operations.

Locked in a battle for domination in what has become the world’s largest automotive market, General Motors is shaking up its top Chinese management team.

Significantly, Matthew Tsien becomes the first executive of Asian heritage to run GM’s rapidly expanding empire in China – which generated more sales last year than the maker’s core U.S. operations.

A 37-year GM veteran, Tsien has clocked a wide range of assignments in markets as diverse as Germany and Australia, but he has also put in a significant amount of time in China where he has most recently been serving as vice president of Planning and Program Management for GM China and GM Consolidated International Operations and Strategic Alliances for China.

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In his new role, Tsien will succeed Bob Socia, who has announced he will retire on January 1.  Tsien will become a member of the GM Executive Operations Committee, reporting to General Motors Chairman and CEO Dan Akerson, which underscores the importance GM puts on the China market.

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China Now GM’s Biggest Market

GM and Ford both set new records in Asian market.

by on Jul.08, 2013

GM unveiled its Buick Riviera Concept during the recent Shanghai Auto Show.

Despite signs of a slowdown in the Chinese economy General Motors posted record sales in China — where GM sales now have surpassed the total number of vehicles the company is selling in its home market, the United States.

GM and its Chinese joint venture partners saw sales surge by 10.6% during the first half of 2013, to nearly 1.6 million, an all-time record that positions it as the booming Asian nation’s second-largest automotive manufacturer. By comparison, it sold just over 1.4 million vehicles in the U.S. during the same time period.

GM isn’t the only American maker outpacing the growth of the overall Chinese market.  Rival Ford Motor Co. set its own record for the first half of the year, sales in China surging 47%, with demand up 44% in June.

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While several makers have yet to report their final numbers, it appears the two American makers significantly outperformed the overall Chinese market, passenger car sales for the first half expected to be up 14%, with June growth a more modest 10% year-over-year, according to domestic industry sources.

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GM Continues Setting Sales Records in China

Upsurge defies uncertainty in world’s largest auto market.

by on Apr.03, 2013

The new Cadillac XTS has been gaining momentum since its recent launch in China.

General Motors continues to score big in China, its sales increasing by double digits again during March despite worrisome signs of trouble in what is now the world’s largest automotive market.

GM reported its Chinese joint ventures reached all-time highs for not just March but for the entire first quarter of 2013. Sales last month surged 12.6% on an annual basis to 290,538 units. It was the second-highest monthly sales total in GM’s history in China.

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For the quarter, GM’s sales in China jumped to 816,373 units, an increase of 9.6% from the same period last year, the company reported, putting GM on track to sell more than 3 million units in China this year. That seems on track to be another new record.

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GM China Sales Set Record

What industry slowdown?

by on Feb.06, 2013

The Baojun 630 has been targeting the next wave of new Chinese car buyers.

With the Chinese economy showing new signs of life after an unexpected slowdown, General Motors and its joint venture partners have set an all-time record, selling more than 300,000 vehicles in a single month for the first time during January.

If the pace is sustained over the next 11 months, GM estimates sales in China could top 3.5 million units.

During GM’s best-ever January in China, sales totaled 310,765 units, an increase of 26% from the same month in 2012 and 15.9% above the previous all-time monthly high of 268,035 units in January 2011.

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Domestic sales by Shanghai GM and SAIC-GM-Wuling, and their Buick, Chevrolet and Wuling brands all set new single-month records as well in January, GM reported.

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