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Filed under: China , Cadillac , Chevrolet , Ford , GM , Earnings/Financials , By the Numbers While domestic sales continue to slide, the auto market in China is thriving. Both General Motors and Ford have reported double-digit sales growth for the first-half of 2008 in the world's most populace country, with GM moving 590,126 Buick, Chevrolet, and Cadillac vehicles for a total sales increase of 12.7 percent, while Ford sold 172,411 units for 21 percent jump in growth. With China recognized as the second-largest vehicle market outside the United States, and with their economy forecasted to grow by at least nine percent this year, automakers in Europe, Japan, and the U.S. are investing heavily to expand sales and production in the Chinese market. It is worth noting that vehicle sales in China have been nearly immune to the increase in global oil prices as governmental controls keep diesel and gasoline prices among the world's lowest. [Source: Detroit News ] Permalink | Email this...
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Filed under: China , Buick , Cadillac , GM As if offering Buicks that people would actually buy isn't enough, the General is upping the ante in the ultra-competitive Chinese market by announcing that Chinese customers will be able to subscribe to its OnStar service beginning in 2009. The safety and telecommunications service will be jointly provided by GM and its Chinese partner, Shanghai Automotive Industry Corp. (SAIC), each of which will own 40% of a new joint-venture called Shanghai OnStar Telematics Company Limited. The remaining 20% of the new company will be owned by GM and SAIC's other joint-venture company, Shanghai GM. We now sit back and await the day that someone driving an Envoy in Tennessee hits the little blue button on his rearview mirror and is greeted in Mandarin. [Source: General Motors] Continue reading OnStar all grown up, leaves home for China Permalink | Email this | Comments
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