Articles Tagged with "GAC Group"

Trumpchi’s sales decline brings down GAC Group’s first-half revenue
Trumpchi’s sales decline brings down GAC Group’s first-half revenue

GAC Group posted double-digit year-over-year decrease in both first-half revenue and net profit, according to the automaker’s interim report.

Sep. 2 , 2019
GAC Group records 6.89% year-on-year drop in July sales
GAC Group records 6.89% year-on-year drop in July sales

GAC Group reported a July auto sales volume of 158,052 units with a year-on-year decrease of 6.89%. Meanwhile, its vehicle outputs during the same period slid 14.98% to 166,392 units.

Aug. 13 , 2019
GAC Group announces sweeping personnel changes to improve self-owned brand
GAC Group announces sweeping personnel changes to improve self-owned brand

GAC Group announced on July 31 a series of personnel changes in a bid to strengthen the group’s internal integration of research, production and market, improve the communication efficiency and enhance the cooperative work among all business sectors.

Aug. 1 , 2019
GAC Group’s foray into mobility service to begin in summer
GAC Group’s foray into mobility service to begin in summer

GAC Group is ready to launch its own mobility service brand dubbed ON TIME (in Chinese, “Ruqi Chuxing”) at the end of June in Guangzhou, the automaker’s headquarters, according to local media outlets.

Jun. 13 , 2019
GAC Group posts 3.25% year-on-year drop in Jan.-May sales for 2019
GAC Group posts 3.25% year-on-year drop in Jan.-May sales for 2019

Guangzhou Automobile Group Co., Ltd. (GAC Group) announced on June 6 that it May sales edged down 3.59% from a year ago to 159,138 units, which made its cumulative sales so far this year total 810,590 units with a year-on-year drop of 3.25%.

Jun. 10 , 2019
GAC Group posts 28.4% year-on-year drop in Q1 net profit
GAC Group posts 28.4% year-on-year drop in Q1 net profit

GAC Group’s revenue for the first quarter of 2019 reached RMB14.256 billion, slumping 25.74% compared with the same period last year, the automaker reported on April 29.

May 5 , 2019