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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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GM Sets Another New Sales Record in China – And it’s Not Alone.

Maker still has a month to go before closing books on 2012.

by on Dec.06, 2012

A Cadillac XLR at its Beijing debut earlier this year.

The once-explosive pace of growth in the Chinese car market has slowed down sharply this year – which means that General Motors had to wait until November to set a new sales record.

With a month left to run up the final total, GM and its various affiliates have sold 2,593,642 cars, trucks and crossovers in China, compared with 2,547,171 for all of last year.  The good news for GM – and its competitors – was that November saw a renewed surge in a market that has, over the past decade, seen sales nearly double in some years.

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GM isn’t alone, however, Ford was one of a number of other makers that also reported hitting all-time sales records by the end of November and still more are expected to get there by the time December’s numbers are tallied.  On the other hand, key Japanese makers could miss their once-lofty sales goals as a result of ongoing political turmoil.

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GM Defies Downturn in Chinese Market

Sales up overall but some problems appear.

by on Jun.06, 2012

GM China President Kevin Wales.

Signs of a looming economic slowdown failed to stop General Motors and its joint ventures from chalking up record sales in China last month – though it remains to be seen if the U.S. maker can continue to defy the unexpected downturn that is tripping up much of the rest of the Chinese economy.

That could be a serious problem for GM which saw record sales of more than 2 million vehicles in China last year, a surge in demand that helped it regain its position as global automotive sales leader.  GM is, meanwhile, hoping to more than double that figure, targeting Chinese sales of 5 million by mid-decade.

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Whether the Chinese market will cooperate is uncertain. Auto sales actually slipped during the first quarter, though the general consensus has been for about 10% to 12% growth for the full year — but even that target, modest by recent Chinese standards, is now in question.

“The increase in auto sales in China has recently slowed dramatically, and we expect this trend to continue because of slowing economic growth, high gasoline prices, and the expiration of government incentives for car buyers,” warns Standard & Poor’s credit analyst Robert Schulz.

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GM Sets New Sales Record – Again – in China

Another month, another record?

by on May.08, 2012

The Buick Envision concept car at last month's Beijing Motor Show.

Another month another record seems to have become the prevailing pattern for General Motors in China. The U.S. giant and its various Chinese joint ventures set a domestic sales record for April of 227,217 vehicles.

Demand was up 11.7% from the same month in 2011, GM reported as it continues to defy the slowdown in China’s vehicle market due to the strength of the Wuling brand, which is marketed to customers in China’s vast interior.

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GM has also been gaining traction with the all-new Baojun brand.  Launched late last year, it’s a joint effort of the U.S. maker and partners SAIC and Wuling.  Baojun is specifically targeting the next generation of first-time buyers as China’s economic boom spreads from the Pacific Coast to the country’s interior and western provinces.

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