China Is Cranking Up Car Export Machine. Courtesy Of GM
GM China has made good on its threat to sell Made in China GMs abroad. According to The Nikkei [sub], Shanghai General Motors Co. has begun exporting the Chevrolet New Sail from China to Chile. Some of the B&B opined that this is nothing new. However, the Nikkei says that “this is the first time a world-class automaker will export from China a model it developed in the country.” A few weeks ago, Terry Johnsson, Shanghai GM vice president of vehicle sales, service and marketing, said that this is “the first locally developed and manufactured passenger car from an international brand to be exported.”
The Sail was launched in China in January, where it goes for around $8500. It’s pitted against low cost Chinese entries, such as the QQ. It is selling quite well. 82,089 units had changed hands as of September.
Export-wise, this is just the beginning. Shanghai GM plans to export small passenger cars to other Latin American markets as well as the Middle East and North Africa. Cue the comments about Chicoms, slave labor, and exploitative work practices. But send them to the company that is owned by 2 governments and the UAW.