General Motors and its joint ventures in China logged a 2.4-percent drop in sales in the country to 339,781 vehicles in January. The January figures came after the carmaker saw its sales jumped 32 percent and 5.3 percent in December and November 2014, respectively. For the full year 2014, GM recorded a 12-percent surge in sales.
According to GM, it is planning to make a $12-billion investment in China between 2014 and 2017 and build more assembly sites to increase its production capacity. GM’s joint ventures in China include partnerships with China FAW Group Corp and SAIC Motor Corp.
On the other hand, Ford Motor Co. and its joint ventures in China logged a 19-percent climb in sales in the Asian giant in January to 112,599 vehicles. Ford’s surge continues a trend from November and December 2014, when it posted increases of 2 percent and 13 percent, respectively.
According to Ford, its growth in the country has been limited by a shortage of production capacity. It is adding new sites in China to address that issue. Ford’s joint ventures in in China include partnerships with Chongqing Changan Automobile Co. and Jiangling Motors Corp.