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Shanghai General Motors Company Limited
Founded 1997
Headquarters Shanghai, China
Products automobiles
Parent General Motors (50%)
Shanghai Automotive Industry Corporation (SAIC)(50%)
Website http://www.shanghaigm.com


Shanghai General Motors Company Limited (Shanghai GM;
中文:
) is a joint venture between General Motors and Shanghai Automotive Industry Corporation (SAIC). Shanghai GM manufactures and sells automobiles in mainland China. The company manufactures and sells Chevrolet, Buick, and Cadillac vehicles. Shanghai GM was founded on June 12, 1997 with 50% investment each from Shanghai Automotive Industry Corporation and General Motors. In 2003, the PRC became the second largest single market for General Motors, and GM Shanghai had a 13% market share in mainland China, second only to Volkswagen Group China among foreign carmakers. However, sales dropped for 2004 with the retirement of the Buick Sail. Its replacement, the Chevrolet Sail, was delayed to February, 2005, leaving Shanghai GM in seventh place.

According to the company, in 2003, Shanghai GM sold 201,188 vehicles. This was an 81.6% percent increase over the previous year. Its share of mainland China's passenger car market grew 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 is the first country that receives a completed car from Shanghai GM. In September 2006, the Chilean branch of GM launched the Chevrolet Corsa Plus, a Chinese version of the 4-door Opel Corsa with a 1.6L engine.

In 2010, SAIC acquired an additional 1 percent stake for $85 million to boost its total share of Shanghai GM to 51%.[1]

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 Chinese communist party.[2]

ModelsEdit

Chevrolet Sail

Chevrolet Sail (SGM 7165) sedan

  • Saab
    • 9-3 Sedan, Convertible, Sporthatch
    • Turbo 225

ReferencesEdit

Smallwikipedialogo This page uses some content from Wikipedia. The original article was at Shanghai GM. The list of authors can be seen in the page history. As with Tractor & Construction Plant Wiki, the text of Wikipedia is available under the Creative Commons by Attribution License and/or GNU Free Documentation License. Please check page history for when the original article was copied to Wikia

See also PATAC joint-venture.

External linksEdit


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