Chinese Car News In Brief – Read all about it!
Chinese Car News | CCTApril 3, 200710:16 pm
The round up:
GM still making shed loads of money in China as everyone thinks buying American buys you quality, meanwhile in the US GM is losing lots of money because everyone thinks buying American doesnt get you quality.
Sales of Buick Excelle economy cars rose 11.7 percent to 45,000 units after the company cut its price an average seven percent to increase its competitiveness.
Sales of Chevrolet-branded models expanded 30 percent to 30,000 units on high demand for the popular Lova compact car as well as the newly revamped Epica sedan.
Sales of Cadillacs jumped 62 percent to 1,797 units after the company added the SLS luxury sedan to broaden its product portfolio.
Shanghai GM was the top seller on the Chinese auto market last year. Sale exceeded 400,000 units growth of 23 percent.
Geely Slashing prices to shift stock in the low seasons, get yourself a bargain:
GEELY Automobile Co Ltd announced yesterday it would cut the prices of four models by 2,000 yuan (US$256.40) to 7,000 yuan to maintain market competitiveness. Chinas leading private car maker offers the biggest cut on the luxury version of its 1.6-liter King Kong sedan, which now costs 72,800 yuan.
Zhejiang Province-based Geely also cut 2,000 yuan off the price of its Uliou compact car, Haoqing sedan and Vision sedan.
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