Shanghai GM faces en'08

A chorus, we have in recent years is the power of the Buick from General Motors in China, where he is not cursed with the ignominy of his grandfather brand in the U.S.. While the bulk of the attention yesterday on the reasons for the entire industry, at the end of the year in the U.S. bloodbath, Shanghai Daily reported that 2008 was Bummer for a joint venture with SAIC GM in China.

Shanghai GM conclusion, an increase of 7% compared to 2007, the analysts say that their new vehicles, such as the new Buick Excel update, not a commodity to be delivered in terms of style, price or fuel economy. Therefore, buyers of the VW Jetta and Toyota Corolla instead. Shanghai Daily reported that Chevrolet, Cadillac and Saab has shown the growth in China in the past year, the overall reduction of Shanghai GM presented before the feet of the Buick. Now it will be interesting to see how he is the 2009th GM hopes that the Chevrolet Cruze can help things in the People's Republic (and elsewhere, even) if it is sometimes in Q2, Shanghai GM to other newcomers, such as the Buick Regal.

Shanghai GM's disappointing performance in 2008, belonged to a big slowdown in the growth of the General Assembly in China. Taking into account the rest of its joint ventures, sales of GM in China were up by 6% in the total. But this is an important part of the task of the two figures are given in the sale of the profits from previous years - 19% en'07 and at least 27% in each of the four years preceding the year, according to Bloomberg. With so many years for the explosive growth of sales, things are probably related to decrease, that the buyers of cars are owners of cars. If GM influx of new models for this year and beyond, the fire sale of electricity in China is a new story that we continue todo'09.