GM Sells More than 2 Million Vehicles in China for 2nd Year in a Row

General Motors has been the market leader inChina for the past six years, selling cars under the Baojung, Buick, Cadillac, Chevrolet, Jiefang, Opel and Wuling brands.

On October 17, the Detroit maker it announced that it sold more than 2 million vehicles in the world’s largest car market since January 1st. This is the second consecutive year that GM manages to top the 2 million mark in China, only this time it achieved it a little earlier than 2010, when it happened on November 4.

Kevin Wale, president and managing director ofGM China Group, said: “This is another outstanding achievement for GM. Our key brands and many of our key products have continued to experience record demand despite intense competition.”

Compared to 2010, Cadillac sales have increased by an astounding 73%, Buick by +24% andChevrolet by +18%.

GM, which in 2010 sold a total of 2.35 million vehicles in the country, has the largest line-up of brands and models in China operating 11 joint ventures plus two foreign-owned enterprises with more than 35,000 employees.

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Peugeot Launches New 308 Sedan in China [47 Photos]

French carmaker Peugeot has released its third new model into the Chinese market in the last eighteen months, the 308 compact sedan, which made its debut at the at the Chengdu Motor Show in mid-September this year.

Manufactured locally in cooperation with Peugeot'sChinese partner Dongfeng Motor Corporation, the new 308 Sedan joins the carmaker's extended offerings in the C-segment that also include the 307 and 408 saloons.
Peugeot said that with the new launch, it intends to strengthen its presence within the very competitive category, with a full year sales target of 60,000 units.
Together with the 307 and 408 Sedans, the French carmaker aims to sell 150,000 cars in the C-segment in 2012, which will account for about 60 percent of the brands total sales in the country.
The 308 Sedan goes on sale in China with two gasoline engine choices, a 1.6-liter unit producing 106HP and 142Nm, and a 2.0-liter with 147HP and 200Nm of peak torque, both of which are available with manual and automatic transmissions.

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