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GM Sets New First-Half Sales Record in China

Sales jump despite economic uncertainty of falling stock market.

by on Jul.07, 2015

GM's sales in China were up 4.4% through the first six months of the year, including Cadillac.

Despite worries over a substantial drop of the Chinese stock market and new competition from domestic brands, General Motors and its joint ventures reported record retail sales of 1,719,202 vehicles during the first six months of the year in China.

Demand was up 4.4% from the first half of 2014. The increase was driven primarily by GM’s improved mix of SUVs and MPVs. While the news of an increase was positive, it fell short of the 10.4% increase in the first half of 2014.

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“An evolving product mix is essential for meeting the diverse demand in China, given its position as the world’s largest vehicle market,” said GM Executive Vice President and GM China President Matt Tsien. “We will continue to add more new and refreshed models in the second half to keep up our growth momentum.” (more…)

Barra Says GM Merger with FCA Unnecessary

CEO says company’s focused on shareholder returns.

by on Jun.09, 2015

General Motors CEO Mary Barra addresses the gathering during the 2015 annual meeting in Detroit.

No dice.

Those two words may best summarize General Motors response to Sergio Marchionne’s ongoing merger proposals, even as the Fiat Chrysler chief executive officer moves to enlist outside investors to support the proposed tie up between the two auto giants.

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Mary Barra, GM’s chief executive officer, confirmed publicly for the first time during GM’s annual shareholder meeting today that GM had received an email for Marchionne in which he proposed a merger. (more…)

GM’s Sales Dip in China in May

Decline marks second month in a row for falling sales.

by on Jun.04, 2015

While Buick sales were down 12.9% in China last month, the brand's best-sellers were the Excelle XT and GT.

General Motors’ sales in China dipped for the second consecutive month under the weight of increased competition from domestic and international brands, model changeovers and the slowing pace of economic growth in China.

GM and its joint ventures sold 252,567 vehicles last month in China, which was down 4% year over year. The big driver was model changeovers for several models combined with the phasing out of older ones. The company’s May retail sales reflected improved mix of SUVs and MPVs, which were up a combined 21.8%, plus a 10.9% increase in sales of Cadillac luxury models.

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For the first five months, GM and its joint ventures had record retail sales in China of 1,472,186 vehicles, an increase of 5.1% on an annual basis. China is one of the major pillars of post-bankruptcy GM and of vital importance to the company’s future. (more…)

Ford Enjoys Record January Sales in China

GM sees drop as economic growth slows.

by on Feb.09, 2015

GM's sales in China fell in January as production couldn't keep up with demand.

It was the best of times. It was the worst of times … or, when describing General Motors’ sales results in China last month, it was a subpar time.

Sales by GM and its joint venture partners in China dropped 2.4% during January as GM felt the impact of the slowing of the Chinese economy for the first time after years of steady growth.

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Conversely, it was the best of times for Ford, as the maker reported record sales growth in China as it continued to benefit from its recent expansion in the Chinese market with sales increasing 19% from a year ago. (more…)

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 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.


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…)