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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: Sedans/Saloons , China , Buick , GM A new, small sub-Lacrosse Buick luxury sedan could fit the bill to meet future federal regulations requiring an average fuel economy of 35 mpg by 2020. If given the go-ahead, General Motors would build the new car based on the upcoming Buick Excelle, itself set to debut in China by early 2009 and thought to look like the car you see above. The Excelle is a small, Toyota Corolla-sized sedan that will be manufactured on GM's new global rear-wheel drive Alpha architecture developed out of Germany. If General Motors decides to proceed with the plan, executives will have to determine what North American plant gets to build it, but its proclivity to be driven by its rear wheels should set the small car apart in a sea of FWD compact sedans. [Source: AutoWeek , Photo courtesy of Sina.autonet.com ] Permalink | Email this | Comments
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Filed under: Economy , China , GM Click image for a gallery of the GM China Chevrolet Spark If everyone else is going to build cars like Tata's headline-grabbing Nano, GM's going to pile on, too. The Lutz cites GM's part-ownership stake in Wuling Motors, a Chinese manufacturer of sub-$3,000 utility vehicles as a possible source of a GM Nano competitor. Lutz went on to say that one way to make an inexpensive car for the developing world is to repurpose a legacy platform that has become obsolete. The tooling and design will have long been paid off, and there'll be plenty of experience from the manufacturing side, too. This is essentially what GM China is already doing with the Daewoo Matiz/Chevrolet Spark. It might smack of dumping an old product that isn't safe or clean enough for mature markets, but is "good enough" in other parts of the world. That said, it could also be a way to maximize the life of an investment while also providing developing markets with...
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Filed under: Car Buying , China , Buick , GM GM is in a market share dogfight here in the States, but in emerging markets like China, the General is quickly gaining a strong foothold. Rick Wagoner and company are progressing so splendidly in the world's fastest-growing market that the automaker became the first manufacturer to sell one million units within a calender year. That millionth vehicle was a Buick Park Avenue , which is fitting since Buick is hugely popular in the land of the Great Wall. The speed with which the General attained this level of success is impressive as well, as GM sold 100,000 units five years earlier. With a population of 1.6 billion and an insatiable appetite for automobiles, China seems like as good a place as any for GM to increase its global automotive presence. With more and more automakers turning their attention (and funding) to China, however, GM's exponential growth since 2002 will likely begin to stabilize. For now, however, China is to GM what...
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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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Filed under: China , Hirings/Firings , Chrysler , GM Chrysler proved once again that it will spare no expense to draw leading figures in the industry to man the helm of the it's turnaround. Today, Chrysler LLC announced that it's hired a 32-year veteran...
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