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General Motors China

Posted: May 18th, 2011 | Author: | Filed under: Auto News, China | Tags: , , , , , , , | Comments Off on General Motors China

Is General Motors Chinese business likely to produce more sales than it’s U.S based parent?

GM China registered sales of around 685,000 in Q1 with a growth rate of 10% from same period last year. This growth will likely accelerate GM’s share in China despite the expiration of government incentives and subsidies. The automaker is consolidating its position in China and plans to double its sales in the next five years with its multi-brand strategy and focus on electric vehicles, though increased competition from other global automakers like Ford, Daimler AG, Honda, Toyota, Hyundai and Nissan could challenge these goals. General Motors has opened a second plant in Shanghai last year and added three new Chevrolet models in 2005, the Sail compact car, Epica intermediate sedan and Aveo hatchback. That pushed China sales for the brand past the 100,000 mark for the first time, establishing China as Chevrolet’s fourth-largest global market. Read the full article »»»»