The updated Buick Regal went on sale in China this week.
General Motors generated $78 million in second-quarter profit thanks to the equity of its two joint ventures in China, reversing an $87 million loss in the same era last year, according to currency effects released this week.
The latest results, while below the company’s old earnings, reflect a sharp rebound in sales from last year’s era when Shanghai, home to GM’s China headquarters and main production plant, closed from April to May amid a resurgence of the coronavirus outbreak.
In the current quarter, GM’s deliveries in China rose nine to more than 526,000, the Detroit-based automaker’s Chinese unit said earlier this month.
In the first six months, GM shares in China rose 9. 5% to $161 million.
Between GM’s two partnerships in China, SAIC-GM is a 50-50 passenger vehicle joint venture with SAIC Motor Corp. , and produces and markets Cadillac, Buick and Chevrolet and trucks.
SAIC-GM-Wuling is a 50. 1-44-4. 9 partnership between SAIC, GM and Wuling Automobile Industry Co. It builds and distributes minibuses with the Wuling logo and basic cars with the Baojun logo.
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