Beijing, China – In the middle of the Beijing auto show Nick Reilly, head of GM Asia Pacific, set down for a roundtable talk with some journalists. Here are some highlights from his talk, plus a video of highlights:
Over the next decade, General Motors anticipates that vehicles sales in Asia Pacific will grow at a faster rate than sales in any other region.
SAIC-GM-Wuling was founded in 2002. GM China owns 34.0%, SAIC owns 50.1% and Wuling Motors owns 15.9%. The number one vehicle sold in China last year, according to China Auto review, was the Wuling. GM also has a technology partnership with Toyota motor corp. General Motors is the top non-Asian, in Asia Pacific.
Shanghai Automotive Industry Corp (SAIC) is the big cheese to watch. SAIC partnered with General Motors to form Shanghai GM, SAIC-GM-Wuling Automobile, and the Pan-Asia Technical Automotive Center (PATAC). SAIC also partnered with Volkswagen Group in the formation of Volkswagen Group China.
SAIC owns 20% stake of Chery, the largest Chinese automaker and in late 2004 took a 49% stake of SsangYong Motor Company.
Less than 4% of the Chinese population owns a car, while around 80% of Americans own a car. Eighty percent of cars sold in China by General Motors is 4 cylinder.
According to China Auto Review, Sales of vehicles rose 21%, cars rose by 23% and SUVs rose by 50%.
GM’s portfolio in Asia Pacific is comprised of: Buick, Cadillac, Chevrolet, GM Daewoo, Holden, Hummer, Opel, Saab and Wuling brands.
Reilly said that the Chinese industry is set to sell almost 10 million vehicles, with GM garnering about 1.2 million.
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