GM’s sales in GM’s and the world’s largest auto market China were up 9.4 percent in May, the company says. In April, sales had been up 15.3 percent.
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Volvo’s global sales are on a downward trajectory. The Geely-owned Swedish marker saw its 2012 global sales drop 6%. In the first four months of the year, sales were down 6.4 percent. Two new factories in China are supposed to bring the turn-around, a feature in Reuters says. Read More >
The most famous Holden product to ever wear a Buick badge is the Chinese-market Park Avenue, a car that Buick dealers inexplicably rejected. But back in the mid-1990s, GM apparently planned to use the VT Commodore architecture as the basis for a new Buick sedan, previewed in the XP2000 concept above.
Export, ho!
Can’t blame them for having a lack of ambitions: Great Wall’s Chairman and Chinese billionaire Wei Jianjun “has set a target for Great Wall’s Haval marque to surpass Chrysler Group LLC’s Jeep and become the world’s best selling SUV-dedicated brand in three to four years,” Bloomberg writes. Read More >
After having been trotted out at car show after car show, and after having been relentlessly covered by occasional TTAC contributor Tycho de Feyter of Carnewschina, China’s “Red Flag” Hongqi H7 Sedan is finally going “on sale to the public tomorrow after a $300 million overhaul, pitting the symbol of Communist privilege against Volkswagen AG’s Audi for China’s elite,” reports Bloomberg from China, where the wire was blocked last year. Read More >
When former TTAC Editor-in-Chief and now Editor emeritus Edward “Op-Ed” Niedermeyer wrote an op-ed in the Wall Street Journal and warned that GM’s center of gravity shifts more and more to China, GM’s retired multi-role fighter Bob Lutz reamed Ed via Fortune. Now, Bob Lutz himself appears to be an accessory in a deal that transfers U.S. government-financed technology to China for pennies on the dollar. Says Deepa Seetharaman, in-house alternative drivetrain expert at the Reuters Detroit office, in her in-depth article: Read More >
The Volkswagen CrossBlue and CrossBlue Coupe will be made in China by the Shanghai-Volkswagen joint venture, Carnewschina reports today. According to the report, the car will be built when Volkswagen’s new factory will open in Changsha in China’s Hunan Province. Read More >
Scaling back from its former intentions of becoming “China’s No. 1 automaker by 2015 and the world’s leading car maker by 2025,” China’s BYD now wants to become a world-class fish in Hong Kong’s taxi pond. Read More >
China’s CAAM released April sales today, and as indicated by GM’s good April showing, results are good. Sales of all automobiles are up 13.38 percent to 1,841,700 in April. Treat other reports with caution, many are the usual confusion of passenger vehicles and all cars. In China, there is a huge difference. Read More >
Found around the corner from Toyota
It’s not quite the all clear, but Japanese automakers (and their government-owned Chinese joint-venture partners) breathe a bit easier after receiving April sales numbers for China. Numbers had been down severely after last September’s anti-Japan riots. Latest “figures suggest that the firms are closer to recovering their lost sales,” says The Nikkei [sub]. Read More >
Forward contracts on popcorn skyrocketed at the Chicago Mercantile Exchange as former TTAC Chief Editor Ed Niedermeyer drew massive fire for his recent op-ed in the Wall Street Journal. On Sunday, GM’s PR Chief Selim Bingo blasted Niedermeyer for “stepping through the looking glass” and for “carelessly comparing GM’s spending in China to that in the U.S.”
Chevy Cruze in Beijing
While GM’s head-flack Selim Bingol was swearing at Ed Niedermeyer, and that it’s not true that GM is sending its money to China, GM’s Chinese operation again outsold America. GM China sold 261,870 units in April, up 15.3%. In the U.S., GM sold 237,646 in April. In the first four months of the year, GM sold 821,707 vehicles stateside. Meanwhile in China, it sold 1,078,243. Read More >
A terrorist, about to enter the RenCen
Even after Ed Niedermeyer put on coat and tie as proper attire for our Via Dolorosa to GM’s towers, GM’s Über-PR Chief Selim Bingol did not like him. “We don’t negotiate with terrorists,” said Bingol, frustrating my naive attempts at fence-mending. Instead of being sent to Gitmo, one of the terrorists writes frequent op-ed pieces at the Wall Street Journal, causing Bingol to go on the counter-attack. Read More >
Our beloved Ed Niedermeyer is back in the Wall Street Journal with another op-ed, entitled “Welcome To General Tso’s Motors”. I’m sure you can all figure out the gist of it. Check it out here. Anti-GM-bias police, grab your defibrillators.
Daimler’s new China chief Hubertus Troska committed a possibly deadly mistake. According to Germany’s Automobilwoche [sub], Troska and his lieutenant Nicholas Speeks “accuse their Chinese dealers of laziness and incompetence.” Read More >
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