Deliveries at GM's two joint ventures fall 6.1% in September
Automotive News China
Automotive News | 2018-10-16
Sales at General Motors¡¯ two joint ventures in China dropped 6.1 percent year on year to 354,135 vehicles in September amid a sharp downturn of the Chinese car market.|
Sales at SAIC-GM, GM¡¯s car joint venture with SAIC Motor Corp., dipped 2.2 percent to 182,573, according to numbers SAIC Motor Corp. released Monday.
SAIC-GM, a 50-50 partnership between SAIC and GM, produces and markets Cadillac, Buick and Chevrolet light vehicles.
Sales at SAIC-GM-Wuling, a 50.1-44-5.9 partnership among SAIC, GM and the government in the Southwest China city of Liuzhou, dropped 10 percent to 171,562 last month.
SAIC-GM-Wuling builds and distributes light vehicles for the entry-level Baojun brand and the Wuling minibus marque.
Through September, sales at the two joint ventures totaled 2,937,038, rising 3 percent from the same period last year.
During the period, SAIC-GM¡¯s sales increased 5.3 percent to 1,434,317 while SAIC-GM-Wuling¡¯s deliveries edged 1 percent to 1,502,721.
GM now only discloses sales results for China on a quarterly basis.
Entire contents © Crain Communications, Inc.
Use of editorial content without permission is strictly prohibited. All Rights Reserved.