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GM scaling back in Russia; Opel out by December, Chevy to minimize presence

Green Car Congress

General Motors announced plans to change its business model in Russia. GM will focus on the premium segment of the Russian market with Cadillac and US-built iconic Chevrolet products such as the Corvette, Camaro and Tahoe. Petersburg will halt production by the middle of 2015. —GM President Dan Ammann.

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Chevrolet delivers record global sales in 1H 2013 of 2.5M units; small cars up 25% in US

Green Car Congress

over the same period in 2012, and achieved its 11 th straight quarter of increased sales on the strength of new products in all markets. Overall, General Motors Co. posted sales of more than 4.85 Sales of the Sonic, Spark, Cruze and Volt combined were up nearly 25% in the first half of 2013. in 1H 2012.

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Mercedes CEO Says Brand Sticking With China for the Long Haul

The Truth About Cars

Like many Western nations, Germany cut ties with Russia when war broke out in Ukraine. Volkswagen is one of the most popular brands sold within the region by far and Mercedes-Benz moves substantially more product in Asia than the United States. Well over 90 percent of sales are achieved with e-cars that cost less than 40,000 euros.

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GM Creates New South America Regional Organization

Green Car Congress

General Motors is creating a new regional organization to meet rising customer demand in South America. GM South America will be headquartered in Sao Paulo, Brazil and will be led by Jaime Ardila, currently president and general manager GM Mercosur. GM South America currently has 29,000 employees.

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Scotiabank forecasts 4% growth in global auto market in 2015 to 74M units, led by China

Green Car Congress

In its latest Global Auto Report , Scotiabank forecasts record global car sales in 2015, with the total market advancing 4% over 2014, reaching more than 74 million units. Under the forecast, China will thus represent 26% of global auto sales in 2015. million units sold, according to the report, or 46% of global auto sales.

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New Chevrolet Small Car to Be Built at GM Uzbekistan Joint Venture

Green Car Congress

Representatives of General Motors Company in Korea and UzAvtoSanoat of Uzbekistan signed a Memorandum of Understanding (MOU) in Seoul, Korea, for their GM Uzbekistan joint venture to launch the production of a new small vehicle mainly destined for emerging markets.

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Volkswagen Group outselling GM in China

Green Car Congress

The Volkswagen Group is having a very strong sales year so far in China. General Motors and its joint ventures in China delivered a September record 343,773 vehicles, up 16% year over year. General Motors and its joint ventures in China delivered a September record 343,773 vehicles, up 16% year over year.

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