GM's 2 joint ventures post lower sales
Automotive News China
Automotive News | 2018-11-13
Deliveries at General MotorsĄ¯ two joint ventures in China fell 12 percent to 344,987 last month in tandem with the light-vehicle marketĄ¯s extended downturn.|
Sales at SAIC-GM, GMĄ¯s car joint venture with SAIC Motor Corp., declined 9 percent to 183,154, according to figures released by SAIC Motor Corp.
SAIC-GM, a 50-50 partnership between SAIC and GM, assembles and markets Cadillac, Buick and Chevrolet cars.
Deliveries at SAIC-GM-Wuling, a 50.1-44-5.9 joint venture between SAIC, GM and the government in the Southwest China city of Liuzhou, slumped 16 percent to 161,833.
SAIC-GM-Wuling produces and distributes light vehicles for the entry-level Baojun brand and the Wuling minibus marque.
In the first 10 months, sales at the two joint ventures totaled 3,282,025, a gain of 1.1 percent from the same period last year. During the same period, SAIC-GMĄ¯s deliveries rose 3.5 percent to 1,617,471 while SAIC-GM-WulingĄ¯s sales dipped 1 percent to 1,664,554.
GM currently only discloses sales results for China on a quarterly basis.
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