The GM group sold 6 million vehicles in 2023
- The GM group (Chevrolet, Buick, Cadillac, GMC + Baojun and Wuling in joint venture with SAIC) sold 6 million vehicles worldwide in 2023 as in 2022, which represents real stagnation. This volume places it in fifth place worldwide in 2023, behind its competitor Stellantis. Would a merger between these two carmakers make sense, in particular to gain greater influence in the global automobile industry, compared to Chinese carmakers?
- GM and Stellantis together produce 12.4 million vehicles per year, a little more than the Toyota group, the current world leader. Stellantis and GM know each other well, because GM sold its European subsidiaries to PSA (now part of Stellantis) in 2017 and GM and Fiat have collaborated for years on platforms and engines. GM is not present at all in Europe and would not interfere with Stellantis. Stellantis, for its part, has almost disappeared from the Chinese market and would not bother GM. Stellantis is present in the USA only through its Jeep, Chrysler, Dodge and Ram brands. This competition of these brands with GM in the USA would be the only point to discuss.
- Help from Stellantis would allow GM to halt its inexorable decline (GM produced 10 million vehicles per year between 2014 and 2016), to offset its sales drop on the Chinese market, to rationalize its range with its inextricable complexity and merge their investments in electric motorization outside China. GM sold 628,000 BEVs (including 440,000 of Chinese origin), 21,000 PHEVs and 10,000 HEVs, these models representing 11% of the carmaker's total sales (including 7.5% of Chinese origin).