RSSNewsletterSiteMapFeedback

Home · Weather · Forum · Learning Chinese · Jobs · Shopping
Search This Site
China | International | Business | Government | Environment | Olympics/Sports | Travel/Living in China | Culture/Entertainment | Books & Magazines | Health
Home / Business / Auto Tools: Save | Print | E-mail | Most Read | Comment
Auto maker sells 500,000 cars
Adjust font size:

Shanghai General Motors Corp announced yesterday that last year it became the first passenger car maker to sell 500,000 cars in China.

The flagship joint venture between General Motors Corp and Shanghai Automotive Industry Corp, also beat the Chinese ventures of Volkswagen and Toyota to be the top seller for a third consecutive year in China, the company said in a statement. 

Shanghai GM achieved sales of 500,308 units last year, an increase of 22 percent from a year earlier as it took advantage of a multi-brand strategy to broaden its product mix and win more customers in the world's second-largest auto market.

 

Sales of Chevrolet-branded vehicles rose 56.4 percent to 160,500 units while Buick's sales rose slightly to finish at 332,000 units, Shanghai GM said.

 

The record sales also included 7,040 Cadillac luxury sedans as well as 618 Saabs as sales of each soared 149 percent and 87 percent respectively.

 

Shanghai GM introduced five new models including the Cadillac SLS luxury business sedan, Buick Park Avenue premium sedan and Chevrolet Captiva SUV last year.

 

(Shanghai Daily January 3, 2008)

 

Tools: Save | Print | E-mail | Most Read

Comment
Username   Password   Anonymous
 
China Archives
Related >>
- Shanghai GM recalls Buicks on brake problems
- GM sells one million units on the mainland
- GM plans to spend US$5b
- GM bets on new service
- GM plans Chinese-made hybrid cars
- Shanghai GM Enlists Saab in Drive into Luxury Car Sector
- Shanghai GM Drives to Better Sales
Most Viewed >>
-January CPI expected to rise 6.5%
-Lucrative Yuanmingyuan duplication scheme
-Tight monetary policy must not be eased
-Lenovo to sell mobile unit for US$100m
-Housing prices rise 10.2% in major cities in Q4

May 15-17, Shanghai Women's Forum Asia
Dec. 12-13 Beijing China-US Strategic Economic Dialogue
Nov. 27-28 Beijing China-EU Summit

- Output of Major Industrial Products
- Investment by Various Sectors
- Foreign Direct Investment by Country or Region
- National Price Index
- Value of Major Commodity Import
- Money Supply
- Exchange Rate and Foreign Exchange Reserve
- What does the China-Pakistan Free Trade Agreement cover?
- How to Set up a Foreign Capital Enterprise in China?
- How Does the VAT Works in China?
- How Much RMB or Foreign Currency Can Be Physically Carried Out of or Into China?
- What Is the Electrical Fitting in China?
SiteMap | About Us | RSS | Newsletter | Feedback

Copyright © China.org.cn. All Rights Reserved E-mail: webmaster@china.org.cn Tel: 86-10-88828000 京ICP证 040089号