General Motors Sees Sales Growth in China, Ford and Honda Report Contrasting Results

Strategic Insights -

General Motors announced today that sales in China rose approximately 10% in October compared to last year, with its head of China operations anticipating sales to double by 2015. In related news, the automaker is recalling over 38,000 2008 and 2009 Pontiac G8s due to an airbag issue. Meanwhile, Ford is upgrading its MyFord Touch dashboard control system starting with 2013 models and offering the enhancements at no additional cost to existing owners. Honda Motor Co. reported a 2.3% decline in October sales in China compared to the same period last year.

Key Takeaways:

  • General Motors' sales in China increased by approximately 10% in October 2011 compared to the same period last year.
  • GM's head of China operations predicts that the company's sales in China will double by 2015.
  • General Motors is recalling over 38,000 2008 and 2009 Pontiac G8s due to an airbag defect.
  • Ford is upgrading its MyFord Touch dashboard control system starting with 2013 models and offering the enhancements to existing owners at no additional cost.
  • Honda Motor Co. recorded a 2.3% decline in October sales in China compared to last year.
  • General Motors' sales in China are expected to continue growing, while Honda's sales in the same market showed a decline in October.

Statistics:

  • 10% increase in General Motors' sales in China in October 2011 compared to last year
  • 38,000+ vehicles recalled by General Motors due to an airbag defect
  • 2.3% decline in Honda Motor Co.'s sales in China in October 2011 compared to last year
  • 2015 predicted year for General Motors' sales to double in China

Sources:

  • MarketNewsVideo.com
  • COMTEX
  • Ruters
  • Comtex SmarTrend Alert