Law and Rights
GM is building a new four door sedan aimed at the middle class. But it's not for everyone. In fact, you can't even buy it in the United States.
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Law and Rights
GM's New $7,000 Car - But You Can't Buy it
GM is building a new four door sedan aimed at the middle class. But it's not for everyone. In fact, you can't even buy it in the United States.If yo live in China, you can buy the new Baojun 630, a $7,000 four door sedan set to go on sale early next year, in partnership with SAIC, General Motors' Chinese affiliate. And to get into bed even tighter with its US partner, SAID bought up slightly less than one percent of the new GM stock that was released last week. That may not seem like much, but only a handful of people or companies bought enough stock to get near the one percent mark of the new GM stock.
It's the latest effort by the Chinese central government to push auto use into its mainland areas. In fact, GM already has a factory in Shanghai which produces Buick cars. There are plans for 100 new Baojun dealers during the coming half year - if the auto industry isn't thriving in the US, it certainly seems to be doing well in China.
Is the Chinese market small potatoes? Hardly. Last year GM sold more than 2 million vehicles in a single year in China. Still, the new $7,000 car was designed in Korea at GM's facilities there, so GM is spreading the work around.
It all makes you wonder how come we can't get a $7,000 car out of GM here in the US?
Burdge Law Office
http://www.uslemonlawyers.com/
Helping consumer protect themselves since 1978.
Subscribe in a reader- Cash For Clunkers Goes To China As The World's Largest Auto Market Clogs In Smog
Can you teach an old Chinese dog a new American trick? Maybe, according to TheTruthAboutCars.com. Because of their population base and the ratio of cars to people, China is the world's largest automotive market. And their big cities are choked up...
- Buick Is Outselling Lexus And Coming Up Very Close To Bmw Sales - And They Can't Believe It.
After GM filed bankruptcy it starting shutting down the non-profit model lines and a lot of folks thought Buick was on the hit list. Not us. First Buick quality has always been pretty good and often better than Cadillac. Second, Buick was selling tons...
- The Hottest Hybrid Moves To China And Leaves Us In The Cold - Fisker Karma Beats The Volt
If you were building the hottest looking plug in hybrid in the world, and it was priced just shy of $90,000, where would you market it first? Turns out the answer is China. And US buyers, standing in line with some 3,000 orders, aren't happy. The...
- Ford Dealership Becomes Sorority Headquarters In Detroit
The Detroit Alumnae Chapter of Delta Sigma Theta Sorority has a new headquarters building with lots of parking. Heck, they can even work on their cars in the garage. That's because they bought the former Kruse's Stark Hickey Ford dealership. The...
- China Buying Saab From Gm ?
Auto News magazine's European publication is reporting that GM is talking to a Chinese company, Beijing Automotive Industry Holding Corp., BAIC, about buying chunks of the Saab business. BAIC is China's fifth largest automaker. And why not? After...