GM says China sales hit record high in July

18-Aug-2012

I like this.

By

An eternal optimist, Liu-Yue built two social enterprises to help make the world a better place. Liu-Yue co-founded Oxstones Investment Club a searchable content platform and business tools for knowledge sharing and financial education. Oxstones.com also provides investors with direct access to U.S. commercial real estate opportunities and other alternative investments. In addition, Liu-Yue also co-founded Cute Brands a cause-oriented character brand management and brand licensing company that creates social awareness on global issues and societal challenges through character creations. Prior to his entrepreneurial endeavors, Liu-Yue worked as an Executive Associate at M&T Bank in the Structured Real Estate Finance Group where he worked with senior management on multiple bank-wide risk management projects. He also had a dual role as a commercial banker advising UHNWIs and family offices on investments, credit, and banking needs while focused on residential CRE, infrastructure development, and affordable housing projects. Prior to M&T, he held a number of positions in Latin American equities and bonds investment groups at SBC Warburg Dillon Read (Swiss Bank), OFFITBANK (the wealth management division of Wachovia Bank), and in small cap equities at Steinberg Priest Capital Management (family office). Liu-Yue has an MBA specializing in investment management and strategy from Georgetown University and a Bachelor of Science in Finance and Marketing from Stern School of Business at NYU. He also completed graduate studies in international management at the University of Oxford, Trinity College.







 

by RightSite,

GM’s sales in China — the world’s biggest auto market — rose 15.1 percent in July from the same month last year, it said in a statement.

For the first seven months of this year, the auto giant sold more than 1.6 million vehicles in China, up 11.7 percent year-on-year.

China’s nationwide auto sales slowed last year after the government rolled back purchasing incentives and some cities imposed limits on car numbers to ease traffic congestion and cut pollution.

China’s overall vehicle sales rose just 2.5 percent to 18.51 million units in 2011, compared with an annual increase of more than 32 percent in 2010.

More Chinese cities have recently called for limiting car numbers to improve congestion problems.

The booming southern city of Guangzhou in July set rules to limit the number of cars through a quota on the number of vehicle number plates made available by the government.

The northern city of Xi’an also said last week that it is soliciting public opinion on planned regulations to cap the number of cars in the city, though it gave no details on how.

But foreign brands have managed to buck the slowing trend with better brand recognition and perceptions of better quality among domestic consumers.

GM sold more than 2.5 million vehicles in China last year.


Tags: , , , , ,

Post a Comment

Your email is never published nor shared. Required fields are marked *

*
*

Subscribe without commenting