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.




Entire contents © Crain Communications, Inc.
Use of editorial content without permission is strictly prohibited. All Rights Reserved.