GM Sells Chinese Cars All Over the Globe
GM China’s sales are on a tear because of small mini buses made by SAIC-GM-Wuling. The venture, in which GM owns 34 percent, sold 87,925 of the small, rugged utes in July alone, up 90.7 percent from a year earlier. They are mostly being snapped up by farmers, helped by Beijing’s stimulus initiatives. Now, GM injects additional steroids: Exports of the Made in China vehicles.
The Wuling N200 series and N300 series vehicles will be shipped under the Chevrolet brand to emerging markets in South America, the Middle East and North Africa. They will be sold through GM’s distribution networks, Reuters reports.
GM is desperately trying to up their 34 percent share of SAIC-GM-Wuling.
Chinese media report that GM had secured an initial deal to take over Liuzhou Wuling Auto’s 15.9 percent stake for roughly 300 million yuan ($43.90 million). GM’s spokeswoman in China said she knew of no no agreement.
Bertel Schmitt comes back to journalism after taking a 35 year break in advertising and marketing. He ran and owned advertising agencies in Duesseldorf, Germany, and New York City. Volkswagen A.G. was Bertel's most important corporate account. Schmitt's advertising and marketing career touched many corners of the industry with a special focus on automotive products and services. Since 2004, he lives in Japan and China with his wife <a href="http://www.tomokoandbertel.com"> Tomoko </a>. Bertel Schmitt is a founding board member of the <a href="http://www.offshoresuperseries.com"> Offshore Super Series </a>, an American offshore powerboat racing organization. He is co-owner of the racing team Typhoon.
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