SAIC’s Sales Plunge 16% in China
China’s SIAC Motor Corp. reports its retail sales shrank 16% to 480,900 units last month.
Volumes fell 9% to 765,100 units for the company’s VW venture and 15% to 693,700 vehicles for its GM partnership. The Chinese passenger vehicle market contracted 12% to 8.35 million
Through the first five months of 2019, SAIC’s deliveries of vehicles it makes through partnerships with General Motors and Volkswagen fell 17% to 2.47 million vehicles. The overall Chinese market for passenger vehicles contracted 12% to 8.35 million units over the same period.
Dan Nicholson is vice president of General Motors Global Propulsion Systems, the organization that had been “GM Powertrain” for 24 years.
It’s the fifth generation of a vehicle that has been increasing in sales year after year since its introduction in 1997.
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