Mexican Media Brands
August Sales in China Fall for GM, Ford
General Motors Co. and Ford Motor Co. report further sales declines in China as the country's economic slowdown deepens.
#economics
Share
General Motors Co. and Ford Motor Co. report further sales declines in China as the country's economic slowdown deepens.
GM and its partners report 248,800 retail deliveries in China last month, down 5% from August 2014. It was the company's largest year-on-year shrinkage in five months. Sales of SUVs and MPVs helped ease shrinking demand for sedans. GM's deliveries through the first eight months of 2015 totaled a record 2.20 million units, up 2%.
Ford's sales in China dropped 3% to 79,600 units in August as demand for cars and commercial vehicles declined 1% and 9%, respectively. Ford sales in January-August totaled 700,000 units, down 1% compared with the same period last year.
RELATED CONTENT
-
On Urban Transport, the Jeep Grand Wagoneer, Lamborghini and more
Why electric pods may be the future of urban transport, the amazing Jeep Grand Wagoneer, Lamborghini is a green pioneer, LMC on capacity utilization, an aluminum study gives the nod to. . .aluminum, and why McLaren is working with TUMI.
-
Ford’s $42 Billion Cash Cow
F-Series pickups generate about 30% of the carmaker’s revenue. The tally is about twice as much as what McDonald’s pulls in.
-
Porsche Doubles EV Target for 2025
Porsche AG says about half the vehicles it sells by 2025 will be equipped with hybrid or all-electric powertrains, twice the ratio it forecast four weeks ago.