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GM's China ventures record 2.6% dip in 2018 sales
2019/1/8
source: automotive news
Combined sales at General Motors' two joint ventures in China, SAIC General Motors Corp. and SAIC-GM-Wuling Automobile Co., dipped 2.6 percent to 4,041,668 in 2018, after falling five straight months to end the year.
 
 
December deliveries in China at SAIC-GM, GM’s car partnership with SAIC Motor Corp., tumbled 22 percent to 171,984, according to SAIC.

SAIC-GM, a 50-50 partnership between SAIC and GM, produces and markets Cadillac, Buick and Chevrolet cars.

December sales at SAIC-GM-Wuling fell 8.4 percent to 225,719.

SAIC-GM-Wuling a 50.1-44-5.9 joint venture among SAIC, GM and the government in the southwest China city of Liuzhou, builds and distributes light vehicles for the entry-level Baojun brand and the Wuling minibus marque.

SAIC didn’t release additional details on sales at the two joint ventures.

In 2018, sales at SAIC-GM slid 1.5 percent to 1,970,117 while deliveries at SAIC-GM-Wuling dipped 3.7 percent to 2,071,551.

GM, which releases sales results for China on a quarterly basis, hasn’t released fourth-quarter sales results for China.