SAIC-GM: Difference between revisions
Line 49: | Line 49: | ||
[[File:Cadillac ATS at NAIAS 2012.jpg|thumb|160px|Cadillac ATS]] |
[[File:Cadillac ATS at NAIAS 2012.jpg|thumb|160px|Cadillac ATS]] |
||
[[File:Buick Regal - China.jpg|thumb|160px|Buick Regal]] |
[[File:Buick Regal - China.jpg|thumb|160px|Buick Regal]] |
||
[[File:2011 Chevrolet Sail 1.4 sedan.jpg|thumb| |
[[File:2011 Chevrolet Sail 1.4 sedan.jpg|thumb|180px|Chevrolet Sail]] |
||
[[File:Opel Astra Sports Tourer 1.6 Design Edition (J) – Frontansicht (1), 24. Juni 2011, Velbert.jpg|thumb| |
[[File:Opel Astra Sports Tourer 1.6 Design Edition (J) – Frontansicht (1), 24. Juni 2011, Velbert.jpg|thumb|180px|Opel Astra Sports Tourer]] |
||
*[[Cadillac]] |
*[[Cadillac]] |
||
**[[Cadillac ATS|ATS]] |
**[[Cadillac ATS|ATS]] |
Revision as of 16:39, 9 February 2012
Shanghai GM logo | |
Company type | Private joint venture |
---|---|
Industry | Manufacturing |
Founded | 1997 |
Headquarters | , |
Area served | People's Republic of China |
Products | Automobiles |
Owner | Shanghai Automotive Industry Corporation (51%) General Motors Company (49%) |
Website | Shanghai GM.cn.com |
Shanghai General Motors Company Ltd (commonly known as Shanghai GM; Chinese: 上海通用汽车) is a joint venture between General Motors Company and Shanghai Automotive Industry Corporation (SAIC) that manufactures and sells Chevrolet, Buick, Cadillac, and Opel brand automobiles in mainland China. Shanghai GM was founded on June 12, 1997 with 50% investment each from each partner. Shanghai General Motors began assembling the venture's first vehicle, the Buick Regal, in Shanghai, China in 1999.[1][2][3]
History
In 2003, China became the second largest single market for General Motors, selling 201,188 vehicles, an 81.6% percent increase over the previous year. That year Shanghai General Motors achieved a 13% market share in mainland China, second only to Volkswagen Group China among foreign carmakers. Sales dropped for 2004 when the company retired the Buick Sail. The release of the Buick Sail's replacement, the Chevrolet Sail, was delayed to February, 2005, knocking General Motors Shanghai to seventh place in mainland China market share. Shanghai General Motors market share climbed back to nearly 9.8 percent, placing Shanghai GM among the top three passenger car manufacturers in mainland China. Shanghai GM was the top passenger vehicle producer in China in 2006, with sales of 413,400 vehicles.
Chile was the first export market to receive a vehicle manufactured by Shanghai General Motors. In September 2006, General Motors launched the Chevrolet Corsa Plus in Chile, a version of the 4-door Opel Corsa with a 1.6L engine.
In 2010, SAIC acquired an additional 1 percent stake in the joint venture for US$85 million to boost SAIC's total share of Shanghai General Motors to 51%.[4]
To improve its standing with the government, Shanghai GM made Cadillac a chief sponsor of a communist propaganda film "Birth of a Party" on September 1 2010, a film dedicated to the 90th anniversary of the Communist party in China.[5]
Current models
- Buick
- Park Avenue - based on Holden Statesman/Caprice
- Regal - based on Opel Insignia
- LaCrosse
- Enclave
- Encore - based on Opel Mokka
- Excelle HRV - based on Daewoo Lacetti
- Excelle GT/XT - based on Opel Astra I/J
- GL8
References
- ^ "1995, GM Links with SAIC". history.gmheritagecenter.com. General Motors Company. 2011. Archived from the original on 2011-05-30. Retrieved 2011-05-30.
GM signed a milestone agreement with China's Shanghai Automotive Industry Corporation (SAIC) for a proposed automotive joint venture, a joint venture technical center, and several other projects in and around the city of Shanghai...
- ^ "1982 -1999, Globalization, One Company, One Team". history.gmheritagecenter.com. General Motors Company. 2011. Archived from the original on 2011-05-30. Retrieved 2011-05-30.
Also in 1995, the company entered into a joint venture agreement with Shanghai Automotive Industry Corporation (SAIC) in China, laying the foundation for unprecedented growth over the next few years. Four years later, the Buick Regal was being assembled in China for the Chinese market...
- ^ "1999, Buick is Back in Shanghai". history.gmheritagecenter.com. General Motors Company. 2011. Archived from the original on 2011-05-30. Retrieved 2011-05-30.
The General Motors-SAIC joint venture plant in Shanghai began building Buick Regals for the Chinese market, marking the Buick brand's proud return to China.
- ^ http://www.shanghaidaily.com/sp/article/2010/201002/20100224/article_429322.htm
- ^ "Cadillac Sponsors Communist Propaganda Film". ChinaAutoWeb.com.