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GM, Ford Enjoy Strong March Sales in China

Auto sales rise despite economic sluggishness.

by on Apr.07, 2015

Cadillac's March sales in China were 76% due in large measure to a strong interest in the ATS.

General Motors and Ford saw their vehicle sales grow in China during March despite concerns about the slower growth in the Chinese economy.

GM reported its sales increased 8% last month to a March-record 338,350 units. GM has 11 joint ventures, two wholly owned foreign enterprises and more than 58,000 employees in China.

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Sales by SAIC-GM-Wuling and Cadillac, which saw its sales grow by more than 76%, reached an all-time monthly high, while Shanghai GM and Chevrolet had record March domestic sales. (more…)

GM Sets New October Sales Record in China

Lincoln expanding footprint there as economy begins to cool.

by on Nov.10, 2014

General Motors hit an October sales record of 291,371 vehicles in China.

General Motors routinely sell more cars in China than it does in the United States and October was no exception as GM and its joint ventures delivered 291,371 vehicles to customers in China last month, setting a new October record.

By comparison, GM sold 226,000 vehicles in the U.S. in October.

Your Automotive Source!

GM also got some new competition in China as the Ford Motor Co.’s Lincoln division also has begun its push into the Chinese market. Lincoln opened its first three stores in Beijing, Shanghai and Hangzhou. (more…)

GM Joint Venture Sales in China at All-Time High

If only the same applied elsewhere during a disastrous 2009.

by on Jan.04, 2010

GM is locked in a battle in China with Volkswagen Group for sales leadership.

General Motors Company and its joint ventures in China announced today that domestic sales of 1,826,424 units sold in 2009 resulted in a year-end market share record of 13.4%. It was an improvement of 1.3 percentage points from the end of 2008.

The results provided confirmation of sorts for taxpayer bailout defenders, including the U.S. Auto Treasury Task Force, which asserted that the insolvent company was worth saving last year because of its global footprint and ongoing success in Asia that currently eludes it elsewhere.

As the result of  a combination of a large population, ongoing Communist government investment in crucial transportation infrastructure projects, and extremely effective government stimulus programs during the Great Recession, the Chinese auto market is now the world’s largest. Chinese government policy also requires that automakers form partnerships with Chinese companies so that jobs and profits stay in China.

The U.S. is the only major industrial country in the world that does not have a policy to protect manufacturing jobs in any industry, let alone the auto industry where each car company job has a multiplier effect of 10:1 in the latest study from the respected Center for Auto Research.

GM is locked in a battle with Volkswagen Group and Toyota global for leadership, although VW – profitable and growing through acquisitions – seems to be in a better place right now than loss-making Toyota, as well as money losing GM, which as recently as two years ago was the global auto market leader. As of the end of the third quarter of 2009, VW was solidly in third place, with 4.8 million sales. Toyota reported 5.6 million, GM 5.5 million. Final sales results will not be in until much later this month.

Sales of Buick and Chevrolet vehicles were strong during a year, as were sales of joint venture models from SAIC-GM-Wuling. This positive result came  during a year that that most other automakers would rather forget or downplay, including GM when its slumping U.S. sales results are announced tomorrow.

“We are proud of our performance in 2009,” said Kevin Wale, President and Managing Director of the GM China Group.

In 2009, GM and its Chinese JVs introduced several new and upgraded models, including the new Buick LaCrosse and the New Regal turbo series, which will debut in the U.S. next summer; the Chevrolet Cruze delayed in the U.S. until next fall; and the new Cadillac SLS and SRX.

中国 or zhōng guó!

GM and its joint ventures continued increased investment in China throughout the year as it contracted elsewhere.


SAIC Takes Controlling Interest of GM Joint Venture

Automotive balance of power and jobs shift toward Chinese.

by on Dec.05, 2009


Click to enlarge.

Shanghai Automotive Industry Corporation and General Motors Company announced they are expanding their cooperation in Asia and targeting the Indian and other emerging auto markets by forming a Hong Kong-based firm, General Motors SAIC Investment Limited.

As part of the deal, the state owned SAIC is taking 51% controlling interest of Shanghai GM since cash-starved GM is selling 1% if its 50% share.

Though largely symbolic, it will be viewed as a setback for GM in Asian cultures, which put an emphasis on “face.”

It is also an indicator of how fragile GM’s financial condition remains  — in the latest quarter it lost $1.2 billion — as far healthier automakers regroup for a new emerging world order that sees the European and American markets depressed while emerging markets in Asia grow rapidly.

Earlier in the week GM CEO Fritz Henderson left the company.

GM said in a statement that “this will assist China’s leading listed automotive company in consolidating Shanghai GM revenue into SAIC Motor, which will provide investors a clear understanding of its business.”


Record Sales in May for GM’s Chinese Operations

Joint-ventures are required for access to restricted Chinese market to ensure that jobs are created and profits stay home.

by on Jun.08, 2009

SGMW Product Line

SAIC-GM-Wuling has had strong sales since the Chinese government cut taxes in half.

While bankrupt General Motors is struggling to hold market share in the U.S., its Chinese operations are posting record sales. Its two Chinese joint-ventures achieved sales records in May, as the Chinese economy grew and demand for minivans and cars increased.

GM’s minivan tri-venture with SAIC Motor and Liuzhou Wuling Automobile, sold 100,258 units last month. It was the first time that a Chinese automaker sold more than 100,000 vehicles in a single month.

GM’s joint-venture with Chinese automaker SAIC Motor, Shanghai GM, also saw sales increase more than 50% from a year earlier to 56,011 units in May, primarily from Buick brand sales.

In total GM’s vehicles sales in China were up 75% from a year earlier period to 156,000 vehicles in May, the company said.  In the U.S., its May sales were off 42%, to 190,881 units, with Buick declining 49% to 21,494 vehicles. If the current trend holds, GM China will soon be larger in sales than GM U.S.

Overall, China’s new vehicle sales rose 9.4% to 3.83 million in the first four months of this year, while sales in the U.S. through May have declined 37% to 3.9 million units. When final May numbers are released it is expected that China will continue to be the world’s largest car market.

Chinese Cash for Clunkers in place

SAIC-GM-Wuling has been booking strong sales since January when the Chinese government  cut taxes in half on small vehicles, and has now provided  Yuan 5 billion ($733 million) in rebates to encourage automobile sales in rural regions.

China’s National Development and Reform Commission (NDRC), a key industrial policy setting group, also announced last week that consumers who trade-in their used mid- and small-sized truck and some types of mid-sized passenger cars for new ones will receive rebates from Y3000 Yuan (about $438) to  Y6000. (more…)

Milestones: Ford Capri, Volvo C70, GM China

by on May.05, 2009

Ford Capri
The Capri name has been in use since the earliest days at Ford.

The Capri name has been used longer than 40 years at Ford Motor Company.

The Ford Capri is celebrating  its 40th anniversary, depending on how you calculate the anniversary, since the name goes back to earlier years at the company. The last Capri ended production in 1986, but Capri lives on within many owners’ clubs who will be celebrating the anniversary with events planned from Scotland to the South West of the U.K. Fans are getting together at Castle Combe, Wiltshire (6 June), Grampian Transport Museum, Alford, Aberdeenshire (30 August), Ace Café in London (5 September) and Brooklands Museum, Surrey (26 September). 

The one we think they are celebrating.

The Capri that we think they are celebrating.

Launched in January 1969 and marketed as “the car you always promised yourself,” the Ford Capri was aimed at a style-conscious generation. In just 18 years the European answer to the Ford Mustang sold nearly two million units and achieved iconic status with its target audience. The car was briefly sold in the U.S. as a Mercury, until currency swings made the car too expensive, a pattern at Ford that repeated itself many times with cars such as the Merkur and Scorpio, and could once again with plans to import the Fiesta from Europe next year.

From the outset the Capri was a complicated offering, with a range consisting of 26 derivatives. A mix of engines – 1.3-, 1.6- and 2.0-liter four-cylinders, and a 3-liter V6 were available depending on the European market.

Ford Cologne-built Capri RS.

Ford Cologne-built Capri RS.

For the performance-oriented drivers there was the Cologne, Germany-built RS2600 and the short-lived Halewood, England-built 124 mph RS3100. In those days Ford had a 35% market share in the U.K. In 1974 the Mk II line, much simplified, was launched.

In 1978, the Mk III saw a freshening and several special editions, such as the Calypso and Laser, were added.

In 1981 Dunton’s newly-formed Special Vehicle Engineering department unveiled its first project, the 160 horsepower Capri 2.8 injection. The limited edition Capri 280, also known as the Brooklands Capri, signaled the end of the Capri era and the last car left the line in December 1986.

Volvo C70

50,000 Volvo C70 ConvertibleA sapphire black Volvo C70, number 50,000 of the second generation convertible, has been delivered to its German owner, Harald Kirschey from Olpe. The convertible had a D5 turbocharged diesel engine with 180 horsepower and automatic transmission, including Geartronic shifting.

The car, based on the Ford Focus architecture, was sold at the dealership Autohaus Mohag in Recklinghausen. Kirschey, 36, from the Sauerland region, works as a freelance programmer for CNC machinery.    (more…)