Tag Archives: china results

GM May China Sales Set Record. Ford China Sales Also Up

Posted on 7 June 2012 by Ken Zino

General Motors and its joint ventures sold a May record 231,183 vehicles in China. Demand was up for the market leader 21.3% from the same month in 2011 and 1.7% from April of this year. At Ford China, increased sales of passenger cars offset a slump in light commercial vehicles during May, which led to an 8% increase year-over-year at 48,608, vehicles. Volkswagen Group the number two seller in China by far has not reported May sales yet. Continue reading →

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Ford China Sales Drop Again in Q1 as March Continues Slump

Posted on 17 April 2012 by Ken Zino

This is the third straight monthly decline for Ford in China, and it comes at a time when Ford is aggressively expanding its capacity there, an unfortunate development for shareholders and the Ford balance sheet, which needs the cash flow from increasing sales to build new plants. All major automakers have announced ambitious expansion plans in China, the world’s largest auto market. However, in 2011 the Chinese auto market only grew by 5%, by far the lowest growth rate of the 21st century, as the communist central government deliberately slowed the economy in an attempt to fight inflation. Continue reading →

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China Rules as GM Sets February Sales Record

Posted on 2 March 2011 by Ken Zino

General Motors and its eleven government-mandated Chinese joint ventures sold 184,498 vehicles in February, setting a new record for the month, but not, repeat not, outperforming its amazing sales of 207,000 in its home U.S. market. Continue reading →

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Ford China Sets Sales Record 2010. Still Lags General Motors

Posted on 7 January 2011 by Ken Zino

Ford Motor Company has posted a record year in China, selling 582,467 units in 2010, a 40% increase compared to 2009. Nonetheless the Number Two U.S. automaker still lags far behind cross town rival Genera Motors, which sold a record 2,351,610 units in 2010 in China. GM has been the Number One automaker in China since 2005 when GM surpassed the Volkswagen group.

Ford had a late start gaining access to the auto market in China, the result of a Chinese government decision that chose a Buick sedan from GM over a Ford Taurus as the vehicle that would enter production at a joint venture in Shanghai. Since 1999, Chinese versions of the Buick Century and Regal sedan have established Buick as one of the top brands in China. Continue reading →

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