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GM China Sales on the Rise During First Quarter

Automaker could hit record of 3.6 million units.

by on Apr.07, 2014

The Chevy Sail is Chevrolet's second-best selling vehicle in China behind the Cruze.

General Motors, which could use a bit of good news these days, is off to a fast start in the Chinese market where GM’s total sales could top 1 million units by the middle of April as the auto giant and its partners fight to regain the leadership in China from rival Volkswagen AG.

GM and its joint ventures had record sales in China during March and the first quarter of 2014 sales in March increased 7.8%, raising GM’s domestic sales in China during the first quarter to 919,114 units – an increase of 12.6% from the same period a year ago.

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The automaker posted record sales of 3.2 million units in 2013 and the strong first quarter sales leave it on track to hit 3.6 million units. (more…)

GM Pulls Opel Out of China; Will Play Larger Role in U.S.

New move in global brand realignment.

by on Mar.31, 2014

The Opel Adam S is not going to be available in China as GM is pulling the brand out of the country.

As part of a continuing global brand realignment, General Motors has pulled Opel out of China. The move comes barely a month after the Chevrolet brand was yanked out of Opel’s home market in Europe.

German-based Opel has been struggling to gain traction in China since entering the market there two decades ago. Even though GM is the second-largest manufacturer in the Chinese market – generating 3.16 million sales in 2013 – Opel’s 22 dealers sold a mere 4,365 vehicles there last year.

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But Opel won’t vanish entirely. Its product engineering operations will continue to assist in the development of new products for China – as well as for the U.S., Opel announcing it will produce a new model for Buick that will be exported to the States later this decade. (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…)

Volkswagen Wrests China Sales Crown from GM

German maker takes title by about 30,000 units.

by on Jan.10, 2014

VW toppled GM from the top of the sales mountain top in China this year by 30,000 units.

Volkswagen AG reached one of its major goals in 2013, selling more cars than any foreign automaker in China. In capturing the title, it outsold General Motors for the first time in eight years in China.

Volkswagen’s two joint ventures sold more than 3.19 million units for the year, the government-backed China Association of Automobile Manufacturers reported. The victory was narrow as GM sold 3.16 million units as sales of new vehicle topped 20 million units overall for the first time. VW’s victory in China also served to offset the company’s disappointment in the U.S. where its sales dropped.

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The duel between GM and VW is expected to resume this year as both companies are expecting more growth in 2014. (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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GM Relocates International Headquarters to Singapore

Shift from Shanghai allows maker to focus efforts in China.

by on Nov.13, 2013

GM is moving its international headquarters from Shanghai, China, to Singapore.

General Motors is moving its international headquarters from Shanghai, China, to Singapore. Stefan Jacoby, an executive vice president, will oversee about 120 employees in the new location, GM said in a statement.

The move, which expected to be complete in the second quarter of 2014, is part of the maker’s recently announced plans separate China operations from its international unit.

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By splitting China from that group, the company can focus on the Chinese marketplace, which is the largest in the world. GM sold 2.84 million autos in China last year, making the country its biggest single market, and expects to deliver 3 million vehicles this year. (more…)

GM, VW Battle for Dominance in China

Chinese market regains momentum after showing signs of a slump.

by on Oct.14, 2013

VW is well established in China's Pacific Crescent - but now it wants to target emerging regions of the country to maintain its growth.

Volkswagen AG and General Motors are locked in a bitter duel over sales leadership in China with the edge going to VW during the first nine months of the year.

With China now the world’s largest automotive market, dominance means more than bragging rights. GM already sells more vehicles in the populous Asian nation than in the U.S., and China promises to be a major factor in the bottom line results of most automotive manufacturers going forward.

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VW’s sales in China for the first nine months of 2013 rose 18% to 2.35 million cars and sport-utility vehicles through the end of September. The maker of Volkswagen, Audi and Porsche vehicles is relying on growth in China to offset slumping demand in Europe, where sales are set to drop for a sixth straight year, and reach its goal of overtaking both GM and Toyota to become the world’s largest automaker.

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Troubled Peugeot Selling 30% Stake to Chinese Partner

Move could short-circuit French maker’s alliance with GM.

by on Oct.09, 2013

Peugeot's next 508 could have a much more significant Chinese influence if a proposed deal with Dongfeng goes through.

Floundering French automaker PSA Peugeot-Citroen may soon be getting a new accent, reports from China suggesting one of the booming Asian nation’s larger domestic manufacturers, Dongfeng Motor, is set to purchase a 30% stake in Peugeot for about $1.6 billion.

But the proposed deal could create some problems on a global scale.  Among other things, it might short-circuit the relationship Peugeot has already established with General Motors. And it could prove problematic considering Dongfeng is already partnered with the French maker’s rival, the Renault-Nissan alliance.

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PSA Peugeot-Citroen has been one of the automotive manufacturers hardest hit by the ongoing European recession.  It lost more than $6.5 billion last year and remains deep in the red for at least the first half of 2013.  The maker has already said it will close one key plant in an effort to cope with worsening capacity utilization issues – despite strong resistance from the French government.

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