GM once again doubts that Chery wants to buy Gold Cup GM

A spokesman for the General Public Relations Department of China stated that he suspected that the son of Chery East had imitated the GM Daewoo Baron MagnusTM sedan and constituted a patent infringement. The interpretation of the Chery Public Relations Department is that the son of the East is a self-developed vehicle and there is no infringement.

GM is currently studying in detail whether Chery has imitated the GM Daewoo Baron Magnus? car. Baron is a brand developed by General Motors Daewoo Auto Technology, a subsidiary of General Motors in South Korea. “Beauty Baron” was the first new car introduced by Daewoo to the Chinese market in 2002. Its biggest selling point is the VCD system of the original car equipment, as well as remote control launch, navigation system, four air bag safety protection, ABS, electric sunroof, induction Wiper and other more comprehensive functional configuration.

$1.3 Billion Bill to Ensure Robust Growth

In fact, Cadillac is just an important pawn for GM to enter the Chinese market. The real guarantee for GM's strong growth in the Chinese market is to export a $1.3 billion package to China.

It is reported that GM plans to export 4,500 vehicles to China in the next two years, including the Cadillac CTS and STS sedans, Cadillac SRX luxury utility vehicles and Cadillac XLR luxury sports cars. It is understood that this is the first time that a foreign automobile company's China branch has been allowed to sign a vehicle import agreement, indicating that the Chinese government has fulfilled its WTO accession agreement one year ahead of the WTO, allowing foreign companies in China to directly engage in import trade and domestic Distribution commitments. It is reported that Cadillac plans to officially begin sales next year.

GM’s Chairman and Chief Executive Officer, Wagner, said: “With the continuous growth of China’s auto ownership, the development potential of luxury cars in China is gradually emerging. GM believes it is time to introduce Cadillac to China. A series of agreements today. The signing of the agreement also shows GM’s determination to maintain its leading position in the Chinese automotive market."

GM’s overseas sales company also signed two agreements with Shanghai General Motors Corporation. The first agreement promised to export about Cadillac products, components and components worth approximately US$400 million, which is equivalent to approximately 13,000 units for local production by Shanghai General Motors. Another agreement promised to provide Shanghai General Motors with automotive components and components worth approximately US$700 million to be used in the production of the Buick Regal Sedan and the Buick GL8 Business Tourer for the next two years.

Shanghai GM wants to buy Jinbei General

Last week, Chevrolet's price reduction of 60,000 yuan can be seen as the final madness of the Gold Cup GM. It can also be seen as Shanghai GM is quietly expanding. Yesterday, the reporter learned from Shenyang that a team consisting of several members of Shanghai General Motors has already entered Jinbei GM to prepare for the acquisition of Jinbei GM.

According to sources close to Shanghai GM’s top management, they sent people entirely under the mandate of GM China. The specific details are not very clear. The person, who did not want to be named, said that the acquisition of Jinbei GM was much more difficult than the acquisition of the Shandong project. The reason is that Jinbei GM is a Brilliance share. The difference between this project and the Shandong project is that Brilliance is an automobile manufacturing company and it is still in operation. This is fundamentally different from the idleness of the Shandong project. The difficulty in acquiring Jinbei GM is that Huachen is a listed company. Whether it can be acquired or not depends on Huachen’s board of directors.

According to the information received by the reporter, the success of Shanghai GM's acquisition of Jinbei GM means that this young automobile company has achieved full expansion in the shortest time and will form the ability to radiate across the country with Shanghai, Shandong, and Shenyang as the leaders. More importantly, after the acquisition of Jinbei GM, Shanghai GM will help the U.S. General to play the second card following the Buick brand, the Chevrolet sedan brand.

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