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Tag: General Motors Co.

  • GM venture to recall nearly a million vehicles in China

    GM venture to recall nearly a million vehicles in China

    One of General Motors’s China ventures will recall nearly a million vehicles due to fuel tank problems, the country’s quality watchdog said on Friday, the latest in a spate of major auto recalls in China over the last few months.

    SAIC-GM-Wuling Automobile Co Ltd is a three-way tie-up between SAIC Motor, General Motors and Guangxi Automobile Group, formerly known as Wuling Motors.

    The recall of the 938,686 vehicles involves two models of the venture’s popular Baojun cars, a high-volume, entry-level brand for the Chinese market, which sold more than 2 million vehicles last year.

    GM did not immediately respond to a request for comment.

    This year has seen a number of major car recalls in China, the world’s biggest auto market.

    China’s quality watchdog said in September GM and its China ventures would recall over 2.5 million vehicles over airbag issues. That followed a similar 4.86 million vehicle recall by Volkswagen AG and its Chinese joint ventures.

    GM produces vehicles in China through a joint venture with SAIC, the country’s largest automaker, as well as the three-way venture that is now working on an electric battery car called the Baojun E100 to help meet strict new-energy vehicle quotas.

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  • GM China sales up 15% in October

    GM China sales up 15% in October

    The automaker said its sales were up 15 percent year-over-year in October and Buick sales jumped 42 percent from a year ago. Monthly sales for the brand hit more than 100,000 for the first time.

    “GM is well-positioned to capture the growth opportunities in the SUV, MPV (multi-purpose vehicles) and luxury segments, and our new products are gaining market share,” GM China President Matt Tsien said in a statement. “The recently announced government incentive for vehicle purchases helped boost buying sentiment starting in October.”

    Cadillac sold an October record 5,757 luxury vehicles, up 23 percent year-over-year, while Baojun brand sales soared 113 percent to 51,589 vehicles, also a record for October. Chevrolet sales fell 8.4 percent to 51,173 vehicles, which GM blamed mostly on vehicle model changeover. Wuling brand sales also decreased 6.8 percent to 116,786 vehicles because of a decline in the mini-commercial vehicle market, GM said.

    Through October, GM says its retail sales in China are up 2.9 percent year-over-year to a record nearly 2.82 million vehicles.