General Motors Co. posted a 12-percent rise in deliveries in China in January to 348,061 units, boosted by strong demand for Buick and Wuling vehicles. In a statement, GM said that Buick logged a 16-percent gain in deliveries to top 100,000 units for the first time. GM is planning to invest $11 billion through 2016 to expand in China, with four new assembly sites hiking its annual capacity to 5 million vehicles.
Now heading GM in China is a local, Matthew Tsien, who replaced the retired Bob Soca. In January, GM saw its premium Cadillac marque triple its deliveries to 5,741 vehicles and its Chevrolet marque drop 0.2 percent to 65,988 units. GM also saw Wuling grow 13 percent to 163,886 vehicles in January, accounting for nearly half of its sales in China.
It also saw its entry-level Baojun passenger-car brand rise 28 percent to 8,966 units. SAIC-GM-Wuling, which builds Wuling and Baojun vehicles, is rolling out a compact hatchback and a new multipurpose vehicle under the Baojun brand as well as sport utility vehicle in 2015, according to its executive vice president Raymond Bierzynski.