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Shanghai GM quits production of Chevrolet Sail
Shanghai. February 27 (Gasgoo.com) - Shanghai GM has decided to stop production of its Chevrolet Sail model and may replace it with Opel Corsa, local newspaper Beijing Youth News reported today.
Official statistics indicate that Shanghai GM only produced 9 Sail vehicles in January this year. Last year it sold 18,961 Sail vehicles, a 23 percent decline from a year earlier. A spokesman from Shanghai GM confirmed that the joint venture automaker has officially halted the production of Sail vehicles starting in January.
Eight years after it was locally produced and launched in Chinese market, the model’s production has finally come to a halt.
"Some 50,000 units of Sail were sold in the Chinese market in the first year after it arrived here, but since then, it has been facing tougher and tougher competitions from rivals such as Polo and Fit," said Ding Lei, General Manager of Shanghai GM.
The price of Sail also dropped from around 100,000 yuan ($13,988) to 50,000 yuan ($6,994) last year, but repeated price cuts failed to invigorate the slump sales.
Besides Sail vehicles, Shanghai GM also produces Chevrolet Aveo compact sedan and Aveo and Epica at its plant in Yantai, Shandong province. Last year the automaker sold 87,031 units Lova alone, up 136 percent from the year earlier.
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