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NINETY EIGHT REGENCY

GENERAL MOTORS BECOMES FIRST TO SELL 1 MILLION VEHICLES IN CHINA

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GENERAL MOTORS BECOMES FIRST TO SELL 1 MILLION VEHICLES IN CHINA

By Mark Kleis

GM-China-1.jpg

General Motors – or Shanghai GM, to be more exact – has officially become the first passenger car manufacturer in history to sell 1 million vehicles in a single calender year.

For those who follow the Chinese auto market, it should come as a little surprise that the millionth vehicle sold was in fact a Buick. The Buick LaCrosse was purchased by Mr. Zhang Yun, who was presented a special key on behalf of Shanghai GM earlier today by the president of GM’s Chinese operations, Ding Lei.

Showing that tastes can certainly vary by market, China’s GM consumption varies drastically from that of Americans, with nearly 500,000 Buicks sold, just 490,000 Chevrolets and 16,000 Cadillacs sold in 2010.

GM lends its success in China to the use of eco-friendly technologies such as turbocharging and direct injection, as well as low-emission engines and six-speed transmissions. As a result, many of its products are segment leaders in performance, fuel efficiency and low emissions, which has in turn given Shanghai GM the largest number of models that benefit from the Chinese government’s energy-saving vehicle subsidy plan.

link:

http://www.leftlanenews.com/general-motors-becomes-first-to-sell-1-million-vehicles-in-china.html

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GM's China car sales top 1 million with Buick

December 16, 2010 - 12:01 am ET

UPDATED: 12/16/10 9:07 am ET

(Bloomberg) -- General Motors Co.'s passenger-car venture in China sold its millionth unit this year.

The company delivered the car, a Buick Lacrosse, to its buyer in Shanghai this month, GM's Chinese partner SAIC Motor Corp. said in a statement posted on its website.

This year, Shanghai GM has sold about 500,000 Buick, 490,000 Chevrolet and 16,000 Cadillac models.

GM expects to sell as many as 2.3 million vehicles, including minivans, in China this year and for sales to increase as much as 15 percent in 2011. China is the largest market by unit sales for the U.S. automaker.

China's passenger-car deliveries to dealers rose 29 percent to 1.34 million in November as customers rushed to take advantage of government incentives supporting vehicle-buying that may expire at the end of the year, according to figures from the China Association of Automobile Manufacturers.

Read more: http://www.autonews.com/apps/pbcs.dll/article?AID=/20101216/GLOBAL03/101219879/1131#ixzz18Jr4WueT

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