Good news for GM, it is the largest car company in CHINA!
No surprise there as it does not have the heavy legacy costs associated with the workforce in China, and the market for automobiles there will GROW and grow. there are 1.3 billion people in China!
Now if it can unburden itself from the US costs, and the new administration seems intent on destroying its business in the USA, while helping the China business. Go figure, when the President said that he wanted to save jobs or create them, there must have been an asterisk next to that statement-we just were not told where these new jobs would be.
From the GM official information site:
The General Motors-China relationship dates back more than eight decades. GM’s mission in China is to leverage the company’s extensive global resources to provide transportation products and services that deliver the best combination of technology and customer care innovation.
GM operates seven joint ventures and two wholly owned foreign enterprises and has more than 20,000 employees in China. GM, along with its joint ventures, offers the broadest lineup of vehicles and brands among foreign automakers in China. Products are sold under the Buick, Cadillac, Chevrolet, Opel, Saab and Wuling nameplates. In 2006, GM’ s sales rose 31.8 percent on an annual basis to a record 876,747 units. GM ended 2006 as the sales leader among global automakers in China. In addition, Shanghai GM was the sales leader in passenger cars (413,367 units) and SAIC-GM-Wuling was the sales leader in the mini-vehicle segment (460,155 units).
Joint Ventures and Other Operations in China:
Shanghai General Motors Co. Ltd. (Shanghai GM) is a 50-50 joint venture with Shanghai Automotive Industry Corp. Group (SAIC), a leading passenger car manufacturer in China. Shanghai GM was formed in June 1997. It is fully supported by a network of sales, aftersales and parts centers. Shanghai GM has a current annual production capacity of 320,000 vehicles operating on two shifts. It builds and sells a comprehensive range of products, which currently include the Buick Royaum premium sedan, Buick Park Avenue premium sedan,Buick LaCROSSE upper-medium sedan, Buick Regal upper-medium sedan, Buick Excelle lower-medium sedan, Buick Excelle HRV hatchback, Buick Excelle station wagon, Buick GL8 and FirstLand executive wagons, Chevrolet New Epica intermediate sedan, Chevrolet Lova small car, Chevrolet Aveo hatchback, Chevrolet Sail small car, Cadillac SLS luxury sedan, Cadillac XLR luxury roadster, Cadillac SRX medium luxury utility vehicle and Cadillac CTS luxury sedan. It also produces engines and transmissions. In 2006, Shanghai GM sold a total of 413,367 vehicles, which represented a 27.0 percent increase from the previous year. In addition, Shanghai GM was the sales leader in passenger cars in 2006.
Pan Asia Technical Automotive Center (PATAC) is a $50 million, 50-50 joint venture between GM and SAIC. It provides automotive engineering services including design, development, testing and validation of components and vehicles. Among its achievements is the reengineering of the Buick LaCrosse, Buick Excelle and other products for Shanghai GM.
SAIC-GM-Wuling Automobile Co. Ltd. (SAIC-GM-Wuling) is a $99.6 million joint venture that was launched in November 2002. GM China holds a 34 percent stake, while SAIC holds 50.1 percent and Wuling Automotive holds 15.9 percent. The joint venture is situated in Liuzhou, Guangxi Zhuang Autonomous Region, in southwestern China. It manufactures a range of Wuling brand mini-trucks and minivans as well as the Chevrolet Spark mini-car. In 2006, SAIC-GM-Wuling sales jumped 36.5percent to 460,155 units.
Shanghai GM (Shenyang) Norsom Motors Co. Ltd. is a joint venture formerly known as Jinbei General Motors. Shanghai GM holds a 50 percent stake and oversees management. GM China and SAIC each hold 25 percent stakes in the facility, which is located in Shenyang, Liaoning. The joint venture has an annual designed production capacity of 50,000 vehicles. It manufactures the Buick GL8 and FirstLand executive wagons.
Shanghai GM Dong Yue Motors Co. Ltd. is a $108 million joint venture manufacturing facility situated in Yantai, Shandong. Shanghai GM holds a 50 percent stake and oversees management. GM China and SAIC each hold 25 percent stakes in the facility, which manufactures the Chevrolet Epica, Aveo and Sail vehicle families. The plant has an annual designed production capacity of 100,000 units operating on two shifts.
Shanghai GM Dong Yue Automotive Powertrain Co. Ltd. is a joint venture located in Yantai, Shandong. Shanghai GM owns 50 percent and oversees management. GM China and SAIC each own 25 percent. The facility has an annual designed manufacturing capacity of 375,000 engines operating on two shifts. Since regular production started in June 2005, the company has been supplying a family of 1.6-liter engines for vehicles manufactured by Shanghai GM.
GMAC-SAIC Automotive Finance Co., Ltd. became China ’ s first approved and operational automotive financing company when it opened for business in August 2004. The joint venture between General Motors Acceptance Corp. (GMAC) and Shanghai Automotive Group Finance Co. Ltd. (SAICFC) provides retail financing for vehicles manufactured by GM ’ s joint ventures with SAIC. It also supports Shanghai GM dealers by providing wholesale financing for their vehicle inventories.
GM Warehousing and Trading (Shanghai) Co. Ltd. is located in Shanghai’s Waigaoqiao Free Trade Zone and represents a $3.2 million investment by GM. The wholly owned parts distribution center (PDC) officially started operation in August 1999. It was established to ensure the quick delivery of genuine GM parts to customers in mainland China. The PDC features a fully computerized management and inventory control system and stocks about 25,000 different parts.
GM (China) Investment Corp. is a wholly owned venture based in Shanghai. It houses all of GM ’ s local staff and is an investor in GM ’ s vehicle joint ventures in China.
Yulon GM Motors Co. Ltd. (Yulon GM) is a joint venture for the sale and distribution of GM vehicles in Taiwan with Yulon Motor, one of the largest automotive companies in Taiwan. Yulon GM was formed in July 2005. 51 percent equity stake held by Yulon Motor and 49 percent by GM, registered capital is NT$2 billion (approximately US$62.5 million). Yulon GM offers imported Cadillac, Buick and Opel products through its comprehensive sales and distribution network, including: Cadillac CTS, STS, SRX, and the upcoming DTS, STS-V; BUICK Rendezvous, OPEL Corsa, Astra, Vectra, and the Zafira. It also sells the Buick LaCrosse and Excelle models assembled locally by Yulon Motor.
ACDelco , the world ’ s leading aftermarket brand, operates a growing network of 40 wholesale distributors and more than 130 ACDelco Service Centers in mainland China. The facilities, which stock genuine ACDelco parts, provide repair and maintenance services for all makes and models of vehicles on China ’ s roads. ACDelco also offers 15 product lines in China.
GM-Shanghai Jiao Tong University Technology Institute is a cooperative institution established by GM and Shanghai Jiao Tong University. It focuses on joint research and development, and technical training.
GM-Tongji University Technology Institute is a cooperative institution established by GM and Tongji University.It’s the second PACE (Partners for the Advancement of Collaborative Engineering Education) center in China.
Locations
Head Office
General Motors (China) Investment Co., Ltd
10th Floor, Jinmao Tower
88 Century Avenue
Pudong, Shanghai 200121, China
Telephone: +86 21.2898.7000
Beijing Office
4th Floor, Block C, Guo Men Building
1 Zuo Jia Zhuang
Chao Yang District, Beijing 100028, China
Telephone: +86 10.6468.7788
More information
GM China corporate social responsibility program:
In October 2005, General Motors Corp. (GM) Chairman and CEO Rick Wagoner and SAIC Motor Corp. Ltd. (SAIC Motor) Chairman Hu Maoyuan signed a Memorandum of Understanding in Shanghai to explore opportunities for the local application and production of energy-efficient and environmentally clean vehicles in China.
The two partners will explore the expansion of the current GM-Allison-SAIC hybrid demo bus program announced last October to a larger bus fleet for Shanghai ’ s mass transportation system in advance of the 2010 World Expo in Shanghai.
GM and SAIC will also pursue passenger car hybrid options as well as other clean-energy vehicle applications including hydrogen fuel cell technologies for China ’ s relevant vehicle platforms. The goal is to have available a number of different models designed to meet the different needs of China ’ s consumers. The introduction of locally manufactured vehicles is targeted to be available beginning in 2008.
In addition, in late September 2005 General Motors China opened an exhibition on hydrogen fuel cell technology in Shanghai that is aimed at educating the Chinese public on sustainable transportation.
The exhibition, which is cosponsored by GM China, SAIC Motor Corp. and the Shanghai Science and Technology Museum (SSTM), is part of an agreement on the development of clean energy vehicles signed by GM and Shanghai Automotive Industry Corp. Group (SAIC) at the end of 2004.
The 18-month HydroGen Future, HydroGen World exhibition at the SSTM will be the longest-running and most comprehensive display of its kind ever held in China. It includes actual fuel cell vehicles and components as well as pictures and videos that showcase recent achievements and the cleaner future promised by a hydrogen-based economy.
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