Solar Energy News  
CAR TECH
GM bets Americans will buy cars made in China
By Mira OBERMAN
Chicago (AFP) Jan 10, 2016


GM bullish on China despite 'volatile' outlook: chief
Detroit (AFP) Jan 11, 2016 - General Motors is bullish on China despite the current economic slowdown, the US automaker's chief said Sunday on the eve of the Detroit auto show.

"It is a very important market and I think it's going to be more volatile but we still believe over the long term the market has substantial growth," chief executive officer Mary Barra told reporters.

"We have a great partner and we're going to continue to really focus on the Chinese customer to make sure we have the right vehicles across Cadillac, Buick, Chevrolet and our other local brands."

China is GM's largest market and sales there hit a record 3.6 million vehicles in 2015, up five percent from a year earlier. GM's US sales were up five percent at 3.1 million vehicles last year.

In a huge shift, GM will soon begin selling vehicles made in China in the United States.

GM's decision to import the Buick Envision from China -- a first for a major automaker -- has sparked outrage and is expected to become an issue in the 2016 presidential campaign.

"The general strategy we have in the company is to build where we sell," Barra said. "In this case it wasn't economical to tool it here."

Barra -- who was recently tapped as GM's first female chairman -- did not rule out the possibility that the Envision could eventually be built in the United States but said importing it was the only way to round out Buick's US offerings in the near-term.

The largest US automaker sold over 1.2 million Buicks in China last year and only 223,000 in the United States.

While the Envision will help boost those numbers by rounding out Buick's offerings in the fast-growing crossover segment, it is still only expected to reach sales of about 40,000 vehicles in the near-term in the United States.

Barra declined to say whether she was concerned that turmoil on the US stock market could hit demand in the United States, which posted record sales last year.

"What we focus on is performance and what's in our control," she said after introducing a new sports car concept, the Buick Avista, at a reception in Detroit.

"We're going to keep working hard to make sure we put vehicles out, keeping the customer at the center of everything we do, building the brand and serving the customer."

Barra also dismissed rumors that she had met with Fiat Chrysler chief Sergio Marchionne to discuss a merger.

They did meet recently but it was among a group of auto industry executives brought together by US safety regulators which was "totally focused on the agenda of the department of transportation and NHTSA." That stands for National Highway Traffic Safety Administration.

General Motors will be placing a big bet the American public is willing to drive a car built in China when it unveils the Buick Envision on Sunday night.

The largest US automaker is certainly not trying to bring it to market quietly: Buick's latest sport utility vehicle will be introduced at a lavish party on the eve of the Detroit auto show in the hopes of maximizing media coverage.

"We expect it to be a great success," Molly Peck, US marketing director for Buick, told AFP.

"It offers all the features and amenities of a luxury UV. It's high quality, quiet, filled with advance safety technology. The design is gorgeous. The interior execution is outstanding. And it's all at a price point that offers a great a value."

GM's decision to import the Envision from China -- a first for a major automaker -- has sparked outrage and is expected to become an issue in the 2016 presidential campaign.

The United Auto Workers union, which had lobbied to build the Envision in the United States, called the decision to import it from China a "slap in the face" to taxpayers who bailed GM out of bankruptcy in the wake of the financial 2008 crisis.

Republican frontrunner Donald Trump has not yet seized on the issue, but given that he regularly rails against China for stealing American jobs analysts say it's only a matter of time.

"I suspect GM is counting on the product to trump the actual Trump," said Harley Shaiken, a professor at the University of California who specializes in labor issues and the automotive industry.

- 'New era' -

General Motors has come a long way since it first tried importing vehicles from a developing nation -- Mexico -- decades ago and it has systems in place to ensure that the Chinese-built Envision matches both American and global standards, Shaiken said.

"GM is well aware of how a poor reputation in these early vehicles could have much larger impacts down the road," he told AFP.

"This is a major event that opens a new era."

It makes good business sense for GM to import the Envision from China: it sold over 1.2 million Buicks in China last year and only 223,000 in the United States.

While the Envision will help boost those numbers by rounding out Buick's offerings in the fast-growing crossover segment, it is still only expected to reach sales of about 40,000 vehicles in the near-term.

"GM's North America plants are just running full-out: there isn't a logical place to put that car," said Stephanie Brinley, an analyst with IHS Automotive.

"That doesn't mean that all Buicks will now and forever be built from China, or that General Motors will as a general strategy be bringing vehicles in from China. What it means is that GM has a global footprint and they will use it."

Most consumers probably won't even realize that the Envision was built in China, said Jessica Caldwell, an analyst with automotive website Edmunds.com.

"There may be some balking at first if people want to make an issue of it but I imagine in the long run it won't be a deal breaker for a lot of people," she told AFP.

"If the quality is good, I don't know if people are necessarily going to care."

One reason why it's taken so long for a major automaker to import vehicles from China is because they've been so busy trying to satisfy demand in that fast-growing market, said Jack Nerad, an analyst with Kelly Blue Book.

"I don't think we're going to suddenly see a flood of Chinese-built vehicles but I think we will see a few more," Nerad said in a telephone interview.

"A Chinese brand is a bigger reach than something with a very familiar label like a Buick label. I don't know that this market is crying out for new brands."


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


.


Related Links
Car Technology at SpaceMart.com






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

Previous Report
CAR TECH
VW chief hopes to shift gears in Detroit
Washington (AFP) Jan 8, 2016
When the world's leading carmakers unveil glitzy new models at the Detroit auto show next week, Volkswagen's chief executive Matthias Mueller will be in town on a less glamorous mission. In his first US visit since American regulators said VW cheated pollution tests, Mueller will apologize over a scandal that plunged the German auto giant into the deepest crisis of its history and could cost ... read more


CAR TECH
NREL's Min Zhang keeps her 'hugs' happy, leading to biofuel breakthroughs

EU probes UK aid to convert huge coal power plant to biomass

IU scientists create 'nano-reactor' for the production of hydrogen biofuel

A metabolic pathway in cyanobacteria could yield better biofuels

CAR TECH
New social robot Nadine has a personality

Human-machine superintelligence can solve the world's most dire problems

NTU scientists unveil social and telepresence robots

U.S. Marine Corps rules out robotic dog, mule

CAR TECH
Scotland sees local benefits from renewables

Dutch vote 'setback' to green energy plan: Greenpeace

South Australian Government renews energy for change

Approval of South Australian Wind Farm

CAR TECH
Kia sees autonomous cars by 2030

US lawsuit turns up heat on VW

Volkswagen launches 'smart' electric revamp of minivan

Norway leads world in electric car market share

CAR TECH
Hoverboard sparks house fire in Australia

Desert sand from UAE efficiently stores thermal energy

Creation of Jupiter interior, a step towards room temp superconductivity

Melting, coating, and all-solid-state lithium batteries

CAR TECH
Japan to send plutonium cache to US under nuclear deal: report

Graphene filter can clean nuclear wastewater

Belgian nuclear reactor shut down three days after restarting

Belgian nuclear reactor restarts after shutdown

CAR TECH
Global electricity production vulnerable to climate and water resource change

Improving electric motor efficiency via shape optimization

Cool roofs in China offer enhanced benefits during heat waves

US Christmas lights use more energy than entire countries

CAR TECH
The Amazon's future

Tens of millions of trees in danger from California drought

Modeling Amazonian transitional forest micrometeorology

Evergreens at risk









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.