Shanghai GM passes 10M cumulative vehicle sales mark
08 December 2014
Shanghai GM recently surpassed 10 million cumulative sales since its establishment in 1997. It reached the milestone in record time for a domestic passenger car manufacturer.
Shanghai GM’s first vehicle rolled off the production line just 23 months after construction of its manufacturing facility began. Within eight years, the GM-SAIC joint venture sold its 1 millionth vehicle. In 2010, it became the first domestic automaker to sell more than a million passenger vehicles in a single year.
It has maintained its momentum this year. In the first 11 months, Shanghai GM’s domestic sales increased 9.6% on an annual basis to a record 1,518,844 vehicles.
Shanghai GM offers a comprehensive lineup of Buick, Cadillac and Chevrolet passenger vehicles. The joint venture has an integrated value chain that includes manufacturing, sales and marketing, aftersales, purchasing and R&D.
Buick and Chevrolet are expected to make Shanghai GM the first domestic automaker with two brands with annual sales of 1 million vehicles in China. The Cadillac luxury brand is expected to reach its annual domestic sales target of 100,000 vehicles in 2015.
What is going on?
During the 2000s GM stole perhaps over a $100 BILLION in bad debt and bailouts while dumping tens of MILLIONS of junk/recalled SUVs.. on the US.
Yet under communism, their stuff flies out the door?
There has GOT to be a fix in somewhere with high Red China officials.
Watch for it..
Posted by: kelly | 08 December 2014 at 04:37 AM