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GM and Partners Investing $16 Billion on New Products for China

Focus on energy-efficient models.

by on Apr.20, 2015

Shanghai GM will invest $16 billion over the next five years to develop 10 all-new or upgraded models.

Struggling to remain on top in the increasingly competitive Chinese automotive market General Motors and its partners plan to invest $16 billion over the next five years to develop 10 all-new or upgraded models.

The focus will be on so-called “new-energy models,” including both conventional and plug-in hybrids the maker announced during a meeting with reporters at the Shanghai Motor Show on Monday. Chinese regulators have been pressing the industry to reduce fuel consumption and migrate to battery-based drivetrains in an increasingly desperate effort to reduce the country’s worsening air pollution problems.

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“In terms of new energy, we are keen on power efficiency and emission control and are ardent to go electrical throughout our portfolio,” said Shanghai GM President Wang Yongqing. (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.

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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, Ford Enjoy April Sales Jump in China

Ford sees biggest jump of the two with a 29% increase.

by on May.09, 2014

With vehicles like the Kuga, Ford China saw sales jump 29% in April.

General Motors Co. and Ford Motor Co. increased their sales in China during April: GM climbed 6.3% to a record 278,263 units, while Ford’s sales increased by 29% to 96,829 units.

GM reported Shanghai GM and SAIC-GM-Wuling, as well as their Buick, Chevrolet, Cadillac and Wuling brands, all reached new highs for April sales, GM said.

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Overall, GM’s sales for the first four months of 2014 to a record 1,197,375 units, an increase of 11% on an annual basis. This is the eighth consecutive year and the earliest ever that GM has sold more than a million vehicles in a calendar year in China. (more…)

GM China Chief Kevin Wale Stepping Down

Supply chain boss Socia to take on Asian assignment.

by on Sep.12, 2012

GM China Group President and Managing Director Kevin Wale will retire after nearly 40 years with the maker.

General Motors’ China chief is stepping down – and at a time when an unexpected economic slowdown in the massive Asian market threatens to throw the Chinese auto industry into turmoil.

No specific reason was given for 57-year-old Kevin Wale’s decision to retire though he has been working for the maker for nearly four decades, starting out in his native Australia with GM’s Holden subsidiary at the age of 20.

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Wale will be succeeded by Bob Socia, who has been serving since 2009 as GM’s director of global purchasing and supply chain.

“Kevin has been instrumental in strengthening our foundation in the largest vehicle market in the world,” Tim Lee, GM vice president for global manufacturing and president of GM’s International Operations, said in a statement.


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…)