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GM Scores Third Consecutive Year of Record Global Sales

Detroit maker narrows gap with VW but still third in industry sales.

by on Jan.21, 2016

A Chevy Cruze in China, which has cemented its role as GM's largest global market.

While the increase was a modest 0.2%, General Motors nonetheless managed to eke out another global sales record in 2015, its third year in a row.

The Detroit-based maker today reported total sales came to 9.84 million, putting it just behind German rival Volkswagen AG. Toyota, which hasn’t yet reported its figures for 2015, is expected to retain the industry’s global sales crown, however.

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“GM continued to grow in 2015 as our focus on the customer and successful new vehicle launches more than offset the challenging conditions in South America and the curtailment of our presence in certain markets such as Russia,” GM President Dan Ammann said in a statement.

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GM, Ford, Buick Trend and Deliver Record Chinese Sales

by on Jan.08, 2016

The Ford Focus in China.

Despite the increasingly serious downturn in the Chinese economy, both Ford Motor Co. and General Motors Corp. managed to lock down record sales in China for 2015.

That bucks the trend that has hammered a number of their key competitors, including Japanese giant Toyota and embattled German maker Volkswagen. Both makers are upbeat, albeit playing things cautiously as they look ahead to 2016.

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So far, both GM and Ford have refrained from making any predictions about China’s market. However, executives from both companies are likely to be pressed for forecasts during the North American International Auto Show in Detroit next week.

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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.

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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…)

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 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…)