GM: Europe market share exceeds 9.2%
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GM: Europe market share exceeds 9.2%
GM: Europe market share exceeds 9.2% - - Reuters / March 09, 2005 - - Source: Automotive News
FRANKFURT -- General Motors has boosted its market share in Europe to above 9.2 percent in January and February combined from 8.7 percent in the first two months of 2004, GM said Wednesday.
"Over 9.2 for January/February 2005 means a climb of more than 0.5 percentage points," a spokesman at GM's European headquarters said, citing provisional figures.
GM's Opel/Vauxhall and Chevrolet brands each accounted for about half of the gain, he said. The figures reflect sales in Russia and central Asian republics, he said.
GM Europe Chairman Fritz Henderson told reporters at last week's Geneva car show that the company expected to gain market share in Europe again this year, with particular strength for its growing Chevrolet and Cadillac brands.
GM now markets Korean-made cars made by its GM Daewoo venture as Chevrolets in Europe. Chevrolet aims to generate more than 200,000 unit sales in Europe this year, up from 190,000 last year.
GM will build a mid-sized Cadillac designed specifically for Europe in Sweden next year.
"Over 9.2 for January/February 2005 means a climb of more than 0.5 percentage points," a spokesman at GM's European headquarters said, citing provisional figures.
GM's Opel/Vauxhall and Chevrolet brands each accounted for about half of the gain, he said. The figures reflect sales in Russia and central Asian republics, he said.
GM Europe Chairman Fritz Henderson told reporters at last week's Geneva car show that the company expected to gain market share in Europe again this year, with particular strength for its growing Chevrolet and Cadillac brands.
GM now markets Korean-made cars made by its GM Daewoo venture as Chevrolets in Europe. Chevrolet aims to generate more than 200,000 unit sales in Europe this year, up from 190,000 last year.
GM will build a mid-sized Cadillac designed specifically for Europe in Sweden next year.
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The figures reflect sales in Russia and central Asian republics, he said.
Russia barely qualifies as Europe, but I'll be damned if central Asia does.
Is that how share goes up? By counting non-qualified regions in the numbers? WTF!
I give up man! Even when I try it does not look good for this company.
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And none of those Chevys have anything to do with Chevy.
I saw those rebadged Daewoos at the show - all POS.
Opel and Saab are about the only decent GM cars in Europe.
I saw those rebadged Daewoos at the show - all POS.
Opel and Saab are about the only decent GM cars in Europe.
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Originally Posted by biker
And none of those Chevys have anything to do with Chevy.
I saw those rebadged Daewoos at the show - all POS.
Opel and Saab are about the only decent GM cars in Europe.
I saw those rebadged Daewoos at the show - all POS.
Opel and Saab are about the only decent GM cars in Europe.
#6
Originally Posted by gavriil
True about the Daewoo Chevys but in all fairness, they are selling very well and the promotional effort in Europe was VERY intense when I visited in January. I think Chevy will do very well in Europe with Daewoo-made cars. Plus with the Koreans improving so much in quality (Hyundai), maybe Daewoo will catch the quality bug too
...i've seen plenty of those.
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Originally Posted by gavriil
Russia barely qualifies as Europe, but I'll be damned if central Asia does.
Is that how share goes up? By counting non-qualified regions in the numbers? WTF!
I give up man! Even when I try it does not look good for this company.
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Originally Posted by SpeedyV6
They are calling the BLS a "mid-sized" Cadillac?
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Again in all fairness, I think it would not be out of the question to see a 14% European market share for GM in the next 7 years. Chevy and Cadillac have a lot of potential there. Hopefully Subaru and Saab will also improve.
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