GM Sales in China Drop 18% in Third Quarter
General Motors Co. reports it sold 689,500 cars and light trucks in China in July-September, down 18% from the same period in 2018.
The decline marked the fifth consecutive drop in GM China’s monthly year-on-year deliveries in a shrinking overall market. The company’s full-year sales retreated 10% to 3.64 million vehicles in 2018.
Third-quarter sales this year rose 11% to 51,000 vehicles for the Cadillac luxury brand. But demand dropped for Buick (-21% to 199,700 units), Baojun (-35% to 122,900) and Chevrolet (-18% to 96,800).
GM’s Wuling light commercial vehicle venture saw third-quarter sales decline 5% to 219,100 mini-trucks.
The way people are going to get transportation is changing the world over. Get ready for it.
For conducting business in the U.S. market, Toyota has historically had several separate business entities: a sales and distribution company headquartered in California (Toyota Motor Sales, USA); manufacturing operations (Toyota Motor Manufacturing North America); a racing subsidiary (Toyota Racing Development, USA); the Toyota Technical Center for R&D in Ann Arbor; and a design facility in California (Calty Design Research, Inc.). On April 1, 2006, Toyota merged its R&D operations and its manufacturing operations into a single company.
Back in 2012 Audi bought Italian motorcycle manufacturer extraordinaire Ducati for €860-million which, at the time, probably seemed like a good idea.