Photo: GM
GM officials don’t seem contempt with controlling most of the US and part of Europe’s automotive worlds in one way or another, they are (like all other manufacturers) aiming to get a foothold in China as well.
They’re on the right track too, with a sales growth figure for May, of 21.3% for all its joint ventures currently operating in China, compared to the same period of 2011, with 231,183 vehicles sold. The figure also marks a 1.7% increase from the month of April and, with so many offerings, GM’s position in China is more than stable at the moment. SAIC-GM-Wuling sold 127,749 units, representing an increase of 35.9% year on year, with Shanghai GM registering an increase in sales of 7.1% in May 2011, having sold close to 100,000 units. Buick sales were also up, by 1.2%, while Chevrolet sales went up by 13.1% with close to 50,000 cars sold in May.
So far in the year, GM has sold an unprecedented 1.203-million vehicles in China, among its many sub-brands, representing an increase of 11.5%, compared to 2011. These figures seem to make GM execs rather optimistic, with Kevin Wale, President and Managing Director of the GM China Group, stating that “Our Shanghai GM and Pan Asia Technical Automotive Center (PATAC) joint ventures are marking their 15th anniversaries in June [...] As we celebrate these important milestones, GM is looking forward to building on our success through continued growth in our largest market.”
So far in the year, GM has sold an unprecedented 1.203-million vehicles in China, among its many sub-brands, representing an increase of 11.5%, compared to 2011. These figures seem to make GM execs rather optimistic, with Kevin Wale, President and Managing Director of the GM China Group, stating that “Our Shanghai GM and Pan Asia Technical Automotive Center (PATAC) joint ventures are marking their 15th anniversaries in June [...] As we celebrate these important milestones, GM is looking forward to building on our success through continued growth in our largest market.”
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