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GM to stop Chevrolet sales in China as Ford pulls back on Lincoln
Chevrolet sales in China fell from more than 767,000 vehicles in 2014 to under 9,000 last year, while Ford is citing US trade policy and a 52.5% tariff on the Lincoln Nautilus built in China for the US market.
General Motors plans to stop selling Chevrolet vehicles in China after nearly 21 years, a move that reflects how far American automakers have lost ground in the world’s largest auto market, according to Yahoo Finance. The outlet cited German trade publication Automobilwoche in saying GM’s decision is tied to Chevrolet’s sharp decline in China.
Chevrolet sold more than 767,000 vehicles in China in 2014 at its peak, but that figure dropped to under 9,000 units last year, a 98.8% decrease in just over a decade. GM said it will focus on its two remaining Chinese brands, Buick and Cadillac, with Buick’s new Electra electric vehicle lineup highlighted as part of the turnaround effort.
Yahoo Finance also said Ford announced a separate pullback announced Aug. 13, focused on its Lincoln luxury brand. Beginning in 2030, Ford will stop producing Lincoln vehicles in China for the US market and expand Lincoln manufacturing domestically, while Reuters is attributed for Ford CEO Jim Farley describing the move as a statement of identity as well as strategy.
The story links the decision to Trump administration trade policies, including a 52.5% tariff on the China-built Lincoln Nautilus sold in the US. It noted that US Nautilus sales are down 5.7% year over year through July, smaller than the Lincoln brand’s overall decline of 12.6%.