General Motors Co's vehicle sales in China fell for a second year as overal...
FILE PHOTO: The GM logo is seen at the General Motors Warren Transmission Operations Plant in Warren, Michigan October 26, 2015. Photo taken October 26. REUTERS/Rebecca Cook
Sales in 2019 fell 15% from a year earlier to 3.09 million vehicles, GM, China’s second-biggest foreign automaker, said in a statement. The company delivered 3.65 million vehicles in 2018 and 4.04 million units in 2017. Sales of GM’s affordable Baojun brand dropped 27.6% for the latest quarter, while sales of mass-market Chevrolet tumbled 20.1% and Buick fell 16.7%, the statement said. But luxury brand Cadillac’s sales increased 3.9%.
“We expect the market downturn to continue in 2020, and anticipate ongoing headwinds in our China business,” Tsien added.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Viacom Digital Studios Shakeup: Kelly Day Out, Stefanie Schwartz Takes Reins as GM (EXCLUSIVE)ViacomCBS has changed up the leadership of Viacom Digital Studios, Variety has learned: Kelly Day, who has served as VDS’s president since its inception over two years ago, is exiting the rol…
Baca lebih lajut »
Elon Musk’s moment of truth arrives with made-in-China TeslasThe Model 3 sedans assembled at Tesla’s Shanghai plant face a Chinese market where total vehicle sales are expected to fall for a third straight year.
Baca lebih lajut »
China eyes increased ties with Kiribati, site of space tracking stationChina said on Monday it hoped to expand newly restored ties with the Pacific sta...
Baca lebih lajut »
Indonesia mobilizes fishermen in stand-off with ChinaIndonesia will mobilize fishermen to join warships in the South China Sea to hel...
Baca lebih lajut »
China Wants To Save Iran Nuclear Deal As It Leaves Their Oil Market BehindChina criticized Trump for killing Kassam Soleimani, Iran's top military general. But it has one thing in common with Washington that is key to Beijing's support.
Baca lebih lajut »