- Jan 7, 2002
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SHANGHAI - General Motors Corp. , the world's top auto maker, introduced on Monday a new hatchback in China aimed at grabing a greater share of the rapidly growing small car market.
Deliveries of the Chevrolet Aveo, based on the Kalos developed by GM Daewoo in South Korea, are expected to start in two months' time, GM said in a statement.
"It will enable GM to further capitalise on China's high growth small car segment, which has been boosted by the shift of the domestic market away from institutional buyers toward private buyers," said Dale Sullivan, Shanghai GM's Chevrolet brand head.
The Aveo will be sold for 84,900-102,900 yuan ($10,470-$12,690), GM said, roughly the same as Ford Motor Co's competing Fiesta.
GM sold 308,722 vehicles in the first half in China, its second-largest market, up 18.9 percent from a year earlier.
Automotive Resources Asia expects the number of cars sold at less than $12,000 -- including GM's Chevrolet Sail and Spark sedans -- to comprise 45 percent of the Chinese market this year, up sharply from 24 percent in 2003.
Both GM and Volkswagen AG have focused on the economy-sized car segment in the past two years, hoping to reach China's growing ranks of salaried middle-class as they increasingly get behind the wheel. http://www.detnews.com/2005/autosinsider/0507/25/0auto-258272.htm
Deliveries of the Chevrolet Aveo, based on the Kalos developed by GM Daewoo in South Korea, are expected to start in two months' time, GM said in a statement.
"It will enable GM to further capitalise on China's high growth small car segment, which has been boosted by the shift of the domestic market away from institutional buyers toward private buyers," said Dale Sullivan, Shanghai GM's Chevrolet brand head.
The Aveo will be sold for 84,900-102,900 yuan ($10,470-$12,690), GM said, roughly the same as Ford Motor Co's competing Fiesta.
GM sold 308,722 vehicles in the first half in China, its second-largest market, up 18.9 percent from a year earlier.
Automotive Resources Asia expects the number of cars sold at less than $12,000 -- including GM's Chevrolet Sail and Spark sedans -- to comprise 45 percent of the Chinese market this year, up sharply from 24 percent in 2003.
Both GM and Volkswagen AG have focused on the economy-sized car segment in the past two years, hoping to reach China's growing ranks of salaried middle-class as they increasingly get behind the wheel. http://www.detnews.com/2005/autosinsider/0507/25/0auto-258272.htm
fficial%26sa%3DN">Which is a RESKIN of and existing car, which while it 'may' have a nice [i</a>
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