SGMW announced today that it successfully defended its title as the largest auto venture in China by delivering 1,458,000 vehicles in 2012 (although conglomerates like SAIC, FAW, Dongfeng, Changan, and BAIC, claim larger combined sales from affiliates). Growing 12% on year, sales exceeded the original target of 1.35 million. For 2013, SGMW eyes a modest … Read more
On November 18, its tenth anniversary, the three-way joint venture of SAIC, GM, and Wuling (SGMW) started production in "Baojun Auto City," its new base in Liuzhou, Guangxi. Occupying a land of 207 hectares in the eastern part of the city, the new base is designed to churn out 400,000 Baojun-brand passenger cars a year. … Read more
Buick Excelle to Get Smaller, 1.5L Engine for 2013
November 14th, 2012 | Posted in Buick | GM | New Cars | SAIC | SGMWWhen the XT and GT were launched in 2010, the old Excelle was expected to be fully retired in two year. However, as the aged has retained its popularity, Shanghai-GM has decided to keep it on the new car market. The Excelle, not covering the Excelle XT or GT, was the No.1 best-selling sedan in … Read more
To raise annual production capacity to 2 million in three years as planned, SAIC-GM-Wuling has chosen Chongqing in southwestern China as the location of its new vehicle plant. According to reports from Chongqing Daily, the automaker is about to sign an agreement with the local government and lay foundation for the new plant before the … Read more
First Wuling Rongguang Microvan Rolls off Line in Egypt as Chevy Move N300
May 13th, 2012 | Posted in Chevy | exports | GM | SGMWOn May 9, the first Chevy Move N300 microvan, a re-badged Wuling Rongguang, rolled off assembly line in GM’s factory in Egypt. Built from complete-knock-down (CKD) kits provided by SGMW, a three-way joint venture between SAIC, GM, and Wuling, the N300 will go on sale in the third quarter of 2012. It will be distributed … Read more
GM Posts Best Quarterly Sales in China
April 5th, 2012 | Posted in Buick | Chevy | GM | SAIC | Sales | SGMWGM looks unstoppable in China, setting new quarterly sales record in the first three months of 2012. Its three local ventures, Shanghai GM, FAW GM, and SAIC-Wuling-GM, posted combined sales of 257,944 vehicles in March, 10.7% more than the same period a year earlier. In Q1, deliveries increased 8.7% to 745,152. In March, the passenger … Read more
GM and Partners Release Baojun 630 Compact Sedan
August 11th, 2011 | Posted in GM | New Cars | SAIC | SGMWThe three way joint venture of SAIC-GM-Wuling (SGMW) released the first Baojun model, the 630 compact sedan, on August 9. All three current versions, priced at 62,800 yuan ($9,820), 66,800 yuan, and 73,800 yuan, employ a 1.5-liter petrol engine and 5-speed manual transmission; the combination of a 1.8-liter engine and automatic transmission is said to … Read more
SGMW Rebages Chevrolet Spark as a Baojun
February 17th, 2011 | Posted in Chevy | GM | New Cars | SGMWUnder the new passenger car marque Baojun, launched last year, the three-way joint venture SAIC-GM-Wuling (SGMW) plans a near-complete product line: first a compact sedan, Baojun 630, to be released before April; then a subcompact to come out in the second half of 2011, to be followed a MPV and SUV. Recently leaked photos reveal … Read more
January Passenger Car Sales Rose 15.3% to 1.4 Million Units
February 15th, 2011 | Posted in GM | Sales | SGMWChina Passenger Car Association (CPCA) reports on Monday that 1,402,764 units of new passenger cars (sedans, SUVs, MPVs, microvans) were sold in China in January, up 15.3% from a year earlier but down 4.8% from the last month of 2010. The SUV sector continued to lead sales increase, growing 66.6% on year to reach 140,993 … Read more
Fulfilling a deal reached last year, Wuling has transferred a 10% stake it held in SAIC-GM-Wuling (SGMW) to General Motors (GM) after the Chinese government gave go-ahead, as confirmed by both sides this week. The transaction increased GM’s holding in SGMW from 34% to 44%, giving it more say in running the largest microvan maker … Read more
SAIC Sold Record 3.58 Million Vehicles in 2010
January 6th, 2011 | Posted in GM | SAIC | Sales | SGMW | VolkswagenShanghai Automotive Industry Co. (SAIC) reports today record annual sales of 3.58 million new vehicles for 2010, up 31.5% from 2009. The number includes 2.279 million passenger cars (up 41.9%) and 1.304 million commercial vehicles (up 16.6%). Deliveries of the brands it fully owns, including Roewe and MG, increased 77% to 160,000 units, but still … Read more
GM’s China Sales Rose 28.8% to 2.35 Million Units in 2010
January 4th, 2011 | Posted in Buick | Chevy | FAW | SAIC | Sales | SGMWGeneral Motors reports today its Chinese ventures sold 2,351,610 new vehicles in the domestic market in 2010, 28.8% more than 2009, making it the first foreign automaker to pass 2 million in annual China sales. GM builds and sells vehicles in China through three joint ventures: Shanghai-GM (for mainly Buick, Chevy, and Cadillac), SAIC-GM-Wuling (SGMW, … Read more
August Sales: Ford, GM, Hyundai-Kia, Mazda, Shanghai Volkswagen, Skoda, Audi
September 3rd, 2010 | Posted in Audi | Ford | GM | Hyundai | Kia | Mazda | SAIC | Sales | SGMW | skoda | Volkswagen | VWFord and its Chinese joint ventures sold 44,074 new vehicles in August, up 24% year-on-year. In the first eight months, sales increased 42% from the same period last year to 368,103 units, including 251,046 from Chang’an-Ford-Mazda. 13,039 units of Focus and 4,629 of Fiesta, both from Chang’an Ford, were delivered last month. Sales of the … Read more
H1 Profit of SAIC Motor Quadrupled to 5.87 Billion Yuan
August 25th, 2010 | Posted in GM | SAIC | Sales | SGMWSAIC Motor (600104.SS), controlled by SAIC Group, reports today that its net profit in the first half of 2010 reached 5.871 billion Yuan, or $863 million, up 306% from the same period last year. Revenues increased 140% to 147.6 billion Yuan, including 51.7 billion Yuan from Shanghai GM. Its subsidiaries and joint ventures sold a … Read more
General Motors has been so successful in China that people tend to forget that it too has suffered quite a few setbacks there over the years. One major unfulfilled desire of its is to have more say in SGMW, the largest microcar maker in China. A partnership between SAIC, GM, and Wuling, SGMW sells more … Read more
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