GM's 2 joint ventures post sales declines for 4th straight month
Automotive News China
Automotive News | 2018-12-11
Sales at General MotorsĄ¯ two joint ventures in China, SAIC General Motors Corp. and SAIC-GM-Wuling Automobile Co., declined for the fourth consecutive month in November. |
Last month, sales at SAIC-GM, GMĄ¯s car joint venture with SAIC Motor Corp., fell 17 percent to 180,662, according to SAIC, a Shanghai-listed company.
SAIC-GM, a 50-50 partnership between SAIC and GM, produces and markets Cadillac, Buick and Chevrolet cars.
Deliveries at SAIC-GM-Wuling, a 50.1-44-5.9 joint venture among SAIC, GM and the government in the southwest China city of Liuzhou, slumped 19 percent to 181,278.
SAIC-GM-Wuling builds and distributes light vehicles for the entry-level Baojun brand and the Wuling minibus marque.
After maintaining growth this year through July, sales at both joint ventures have slipped since August.
As a result, through November, sales at SAIC-GM still rose 1 percent to 1,798,133 while deliveries at SAIC-GM-Wuling dipped 3 percent to 1,845,832.
GM releases sales results for China on a quarterly basis.
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