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China-owned SAIC to slash jobs at GM & VW ventures [Rumor]

Teslarati

China-owned SAIC plans to cut thousands of jobs from its joint ventures with General Motors (GM) and Volkswagen. According to people familiar with the matter, the automaker plans to cut 30% of employees at SAIC-GM and 10% of workers at SAIC Volkswagen. SAIC Motor reported robust sales in January and February.

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GM employs Tesla-esque direct-to-consumer sales strategy in China

Teslarati

General Motors (GM) plans to launch a wholly-owned direct sales platform, Durant Guild, in China. With Durant Guild, GM hopes to revitalize Chinese consumers’ interest in its brand and increase sales in the country. Durant Guild is named after GM’s founder William Durant.

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GM delivered 2.9M vehicles in China in 2020 for third straight annual drop; NEV sales up 4x from 2019

Green Car Congress

General Motors and its joint ventures delivered 2.9 million vehicles in China in 2020. Sales were impacted by the COVID-19 pandemic in the first quarter and started to recover in the second quarter. We expect China’s vehicle market to continue growing in the long term and have a positive outlook on 2021. year over year.

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GM hits new sales record in China

Green Car Congress

General Motors and its joint ventures set new sales records for November and the year as a whole in China. In November, domestic sales increased 5.3% For the first 11 months, sales in China rose 10.1% to 3,182,595 units—surpassing last year’s previous full-year sales record of 3,160,377 vehicles.

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Global debut of Buick Enspire electric concept SUV in China; GM China sales up 2% in February, Buick up 4%

Green Car Congress

It will also be on display to the public at Auto China 2018 in Beijing, which begins later this month. The Enspire leverages GM’s global resources and is an exploration of design and new technologies. Buick has sold more than 9 million vehicles in China since its introduction by SAIC-GM in 1998.

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GM in China sets new September sales record

Green Car Congress

General Motors and its joint ventures sold a September record 244,266 vehicles in China, up 1.7% During the first nine months of 2012, sales by GM and its joint ventures in China increased 10.0% Shanghai GM’s domestic sales were up 3.7% Shanghai GM’s domestic sales were up 3.7%

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GM China sales top 4M vehicles for the first time in 2017; SUV sales up 37%

Green Car Congress

General Motors and its joint ventures sold more than 4 million vehicles in China for the first time in 2017. Retail sales totaled 4,040,789 units, which was up 4.4% China was GM’s largest retail market for the sixth consecutive year. In 2017, GM added 18 new and refreshed models in China.

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