Will GM Sell Made-In-China Buicks In The U.S.?# Automobile - 车轮上的传奇
W*n
1 楼
Reports that General Motors (NYSE:GM) may shift production of some of its
Buick brand cars to China and Europe come in the midst of GM's critical
negotiations with the United Auto Workers, which has already blasted talk
about such moves.
Sources told Reuters that most Buicks sold in the U.S. after 2016 could be
imported. Specifically, GM is planning to shift production of the compact
Verano sedan from Michigan to China in late 2016, the report said. The
company is also likely to shift the manufacture of its midsize Regal sedan
from Canada to either China or Europe in 2017.
GM shares closed down 0.25% on the stock market today. Ford Motor (NYSE:F)
dipped 0.4%, Fiat Chrysler Automobiles (NYSE:FCAU) lost 1.5%, Toyota (NYSE:
TM) 1.4%, and Tesla Motors (NASDAQ:TSLA) 2%.
The report comes as automakers pour billions of dollars into China, after
ramping up production and investment in Mexico, which is emerging as a
global automotive powerhouse.
Last month, GM confirmed plans to spend $5 billion and work with its Chinese
partner, government-owned SAIC, to design and market cars under the
Chevrolet brand. Those cars would be sold in emerging markets.
Ford on March 24 announced that it had opened its sixth assembly plant in
China after investing $760 million for the Changan Ford Hangzhou facility,
which will make the Ford Edge midsize crossover.
Meanwhile, GM earlier this year laid out plans to spend $5 billion on new
plants and upgrades in Mexico and said it plans to spend $5.4 bil on U.S.
facilities over the next three years.
Ford has said it plans to move production of some small cars out of Detroit.
And on April 17, the No. 2 U.S. automaker confirmed that it will spend $2.5
billion to upgrade its facilities in Mexico.
Buick brand cars to China and Europe come in the midst of GM's critical
negotiations with the United Auto Workers, which has already blasted talk
about such moves.
Sources told Reuters that most Buicks sold in the U.S. after 2016 could be
imported. Specifically, GM is planning to shift production of the compact
Verano sedan from Michigan to China in late 2016, the report said. The
company is also likely to shift the manufacture of its midsize Regal sedan
from Canada to either China or Europe in 2017.
GM shares closed down 0.25% on the stock market today. Ford Motor (NYSE:F)
dipped 0.4%, Fiat Chrysler Automobiles (NYSE:FCAU) lost 1.5%, Toyota (NYSE:
TM) 1.4%, and Tesla Motors (NASDAQ:TSLA) 2%.
The report comes as automakers pour billions of dollars into China, after
ramping up production and investment in Mexico, which is emerging as a
global automotive powerhouse.
Last month, GM confirmed plans to spend $5 billion and work with its Chinese
partner, government-owned SAIC, to design and market cars under the
Chevrolet brand. Those cars would be sold in emerging markets.
Ford on March 24 announced that it had opened its sixth assembly plant in
China after investing $760 million for the Changan Ford Hangzhou facility,
which will make the Ford Edge midsize crossover.
Meanwhile, GM earlier this year laid out plans to spend $5 billion on new
plants and upgrades in Mexico and said it plans to spend $5.4 bil on U.S.
facilities over the next three years.
Ford has said it plans to move production of some small cars out of Detroit.
And on April 17, the No. 2 U.S. automaker confirmed that it will spend $2.5
billion to upgrade its facilities in Mexico.