Sales at GM's 2 joint ventures plunge
Automotive News China
Automotive News | 2019-5-14
General Motors¡¯ two China joint ventures suffered their steepest decline in sales this year in April as the country¡¯s new-vehicle market continues to contract amid slower economic growth.|
Deliveries at SAIC-GM, GM¡¯s passenger vehicle joint venture with SAIC Motor Corp., plunged 27 percent to 125,504 in April, according to SAIC, a Shanghai-listed company.
SAIC-GM, headquartered in Shanghai, produces and markets Cadillac, Buick and Chevrolet cars and light trucks.
Deliveries at SAIC-GM-Wuling, GM¡¯s light-vehicle partnership with SAIC, nosedived 31 percent to 105,700.
SAIC-GM-Wuling, based in the southwest China city of Liuzhou, assembles and distributes cars for the entry-level Baojun brand and minibuses for the Wuling marque.
Through April, sales at SAIC-GM dropped 17 percent to 552,432 while deliveries at SAIC-GM-Wuling slumped 27 percent to 534,712.
GM is introducing 20 new and freshened products in China this year, up from 15 under a previous plan.
The products the Detroit automaker has launched so far this year are the next-generation LaCrosse sedan, Encore crossover and the Velite 5 extended-range electric sedan under the Buick brand, and a new crossover -- the RS-5 -- for the Baojun marque.
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