On August 16, it was reported that Lu Xiao, the new general manager of SAIC GM, was recently interviewed by Economic Observer Network to answer and respond to recent rumors and follow-up plans of SAIC GM.
According to foreign media reports, General Motors will discuss with partner SAIC Motor to reduce production capacity in China in the future and will start a new round of layoffs.
In addition, General Motors is hesitant to continue signing a joint venture agreement with SAIC Motor, whose joint venture will expire in 2027.
What is even more surprising is that General Motors may sell the Buick brand to SAIC, while Chevrolet will withdraw from the Chinese market.
, in response to the above news, Lu Xiao said,”Speculations about the whereabouts of Buick and Chevrolet brands are all rumors.
In the future, SAIC GM will continue to adhere to the ‘multi-brand, differentiated’ development strategy and simultaneously develop new and old tracks.
“, Lu Xiao said that SAIC GM will maintain the continuity of its current transformation strategy, continue to empower the three major brands of Cadillac, Buick and Chevrolet based on more new energy technologies and intelligent connected technology that “combines oil and electricity”, and successively launch more new products that meet the needs of local consumers.
The main reason why the industry doubts the prospects of SAIC GM is the decline in sales.
In response to the phenomenon of dealers closing stores and withdrawing from the network caused by declining sales, Lu Xiao said that SAIC GM has taken a series of rapid and effective measures this year to change the production and marketing linkage model and strengthen business policy support for dealers, aiming to relieve channel pressure and achieve a balance between volume and profit.
At present, SAIC GM’s sales have begun to gradually pick up.
Data shows that in July this year, SAIC GM’s retail sales increased by 2% month-on-month to 44822 units, of which new energy sales surged 27% month-on-month.
In July this year, the sales volume of the Buick brand was 26503, the Cadillac brand was 8203, and the Chevrolet brand was very bleak, with only 3301.
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