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GM sets first half and June sales records in China on strength of Shanghai GM

Green Car Congress

by volume from the same period in 2010. compared with the first six months of 2010, setting an all-time record for first half year sales. Buick sales rose 28.2% Buick sales rose 48.4% from June 2010 to 51,312 units. In the US, GM delivered 1,261,633 vehicles in the first half of 2011, up 16.8% by volume.).

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GM’s China JVs investing $12B between 2014-2017 to expand; GM outlines China market trends

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China has been GM’s largest market since 2010, last year accounting for about one-third of its global sales. GM has demonstrated success in this area, with the Buick GL8 and Wuling Hongguang series and more entries to come from its other brands. MPV sales will likely double to 2.8 million by 2020, from about 1.4 million last year.

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Perspective: A View Into the New GM

Green Car Congress

The morning session started out with an hour long press conference, the highlight being the unveiling of the Volt’s 230 mpg preliminary EPA city fuel economy finding ( earlier post ), as well as a tour showing selected elements from the studios of the four GM North American brands: Chevrolet, GMC, Buick and Cadillac.

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GM Releases New Viability Plan, Launches Bond Exchange; Phasing Out Pontiac

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As part of the new plan, GM will accelerate the wind-down or sale of HUMMER, Saturn and Saab to the end of 2009, and phase out Pontiac by the end of 2010. The Pontiac brand will be phased out by the end of 2010. GM has received final bids for HUMMER from potential purchasers and is in the process of reviewing them.

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GM and Chrysler Submit Updated Restructuring Plans; Up to $18.6B More Needed; Outlines for Product Plans

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In the US, GM will focus on its core brands; Chevrolet, Cadillac, Buick and GMC. Pontiac will serve as a focused brand with fewer entries, within the Buick-Pontiac-GMC channel. Elements of the new plan include: GM will sell or phase out the Hummer brand by 31 March, with a final resolution no later than 2010.

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Fitch Ratings: US automakers well positioned for weak demand in 2012; estimates break-even for Detroit 3 at 10.5M units

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This growth will be driven largely by modestly improving economic conditions and pent-up demand pressure, with the latter resulting from consumers putting off car purchases over the past several years. vehicle age in the US nears 11 years, an increasing number of drivers can no longer delay a vehicle purchase. As the average.

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Shanghai GM passes 10M cumulative vehicle sales mark

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In 2010, it became the first domestic automaker to sell more than a million passenger vehicles in a single year. Shanghai GM offers a comprehensive lineup of Buick, Cadillac and Chevrolet passenger vehicles. Shanghai GM offers a comprehensive lineup of Buick, Cadillac and Chevrolet passenger vehicles.

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