General Motors and its joint ventures sold 357,375 vehicles in the Chinese domestic market during December 2014, an increase of 31.9 percent on an annual basis. The results set an all-time record for December sales.
Sales at Shanghai GM, The General’s primary joint venture in China responsible for Chevrolet, Buick, and Cadillac vehicle sales, increased an impressive 51.8 percent to 191,181 units, setting a new December record.
Meanwhile, SAIC-GM-Wuling grew 18.9 percent to 164,258 units, also setting a new December sales record.
Finally, FAW-GM sales were down a whopping 70.6 percent to 1,936 units.
Comments
I read that China’s homegrown and designed vehicles are losing market share such that they are sending staff to the Silicon Valley to get ideas on improving the their vehicles appearance/marketability .