Author: satsu_jin

As Detroit Crumbles, China Emerges as Auto Epicenter [Copy link] 中文

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Post time 2009-7-1 21:41:39 |Display all floors

General Motors says China sales up 38 percent

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General Motors Corp . said Wednesday that sales in China jumped 38 percent in the first half of this year, helped by strong demand for its minivans and other small vehicles.

GM sold more than 100,000 vehicles a month in China in January-June for a total of 814,442, a record for any half-year, the company said in a statement. That compares with sales of 1,094,561 GM vehicles in China for all of 2008.

Strong growth in China and other emerging markets is crucial for GM's recovery as it works to emerge from Chapter 11 bankruptcy back in the United States. While GM has slashed jobs and closed factories back home, it is still expanding in China.

"China's vehicle market continued to outpace most expectations for growth," said Kevin Wale, GM's China Group president and managing director. "We continued to enjoy strong demand for many of our existing products and new models."

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Post time 2009-7-1 21:47:31 |Display all floors
Originally posted by satsu_jin at 2009-7-1 22:41
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General Motors Corp . said Wednesday that sales in China jumped 38 percent in the first half of this year, helped by strong demand for its minivans and other small vehicles.

GM sold  ...



It seems that GM's models are the cars of choice in China. Let's wait for other car companies to come out with their figures over the next couple of days.

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Post time 2009-7-2 12:00:07 |Display all floors

Beijing Auto Preparing Bid for GM’s Opel Europe Unit

Beijing Automotive Industry Holding Co. is preparing to make a bid for General Motors Corp.'s Opel unit in Germany to compete with an offer from Magna International Inc., the Wall Street Journal reported, citing an unidentifed person.

GM told the newspaper that it is discussing undisclosed issues with Magna. GM also held talks with Beijing Automotive last week, the WSJ said, citing the unidentified person.

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Post time 2009-7-3 12:28:52 |Display all floors

Reply #28 totothedog's post

The new automobiles are COOL, mr. toto dog!

It has FUEL INJECTION SYSTEM, it has smart air intake system, it has CVVT, variable valve technology, it has ABS, it has anti skid, stability bars. it has anti low speed damage protection, it has airbags, it has gps, it has mp3, it has cooling and heating system, it has automatic transmission, it has coated tempered safety glass, it has hard shell passenger and side impact protection zone, energy absorbtion crumpled front, back zones, it has computer control engine system, it has sensors to detect abnormalities, it has emmission air quality system using catalytic converters, it has new coated premier paint work, new keyless entry, new automobile immobilizers, it  has recyleable metal, plastic parts, it has new luxury finishing......

and sold only at base US$25,000 - 30,000!!!!
with the new scale, new automation, precisiion engineering, out sourcing of labour intensive parts to China, Malaya and Vietnam.

No Joke!

It's a motorist dream!


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Post time 2009-7-3 12:31:28 |Display all floors

Reply #31 satsu_jin's post

it's good for BAIH to buy Opel in Germany, it allows it a glimpse of German Technology - gain platforms and open an export market to Germany!

Volvo is a good buy too, for it open doors to the Scandanavian market.
MG, if they can get British leyland brandname, opens up the British Club markets!!!!

wow!


Good show, old chaps!


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Post time 2009-7-6 14:57:48 |Display all floors

Ford China says sales up 14 percent in first half

Ford China released its newest sales figures:


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US auto giant Ford Motor Co has announced that sales in China in the first half rose 14 percent from a year earlier to 197,212, boosted by strong demand for its low-cost Fiesta car.

The figures contrasted with sliding sales at home, which were down 33 percent as the company has been hit by the global slump.

Ford sold a better-than-expected 18,224 Fiestas -- a fuel-efficient, sedan -- since it was launched in China in March, Ford said without elaborating.

"The incredible popularity our new Fiesta underpinned continued strong demand among Chinese consumers," Robert Graziano, chairman of Ford Motor China, said in a statement.

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Post time 2009-7-7 12:09:14 |Display all floors

GM and Ford sales volume do indicate China growth is HOT!

and China demand is keeping oil and commodity prices relatively high (together with the excessive US$ liquidity outside the USA).


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