Chinese Backlash Against Japan a Boon for GM, Ford

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By Trey Thoelcke Published
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As Chinese consumers shunned Japanese goods due to a territorial dispute between the two countries, U.S. automakers General Motors Co. (NYSE: GM) and Ford Motor Co. (NYSE: F) benefited from the consumer backlash against the likes of Toyota Motor Corp. (NYSE: TM) and Honda Motor Co. (NYSE: HMC).

GM said deliveries of its cars and minivans to the world’s largest auto market rose 14% to 251,812 units in October. Cadillac increased deliveries 20%, Chevrolet gained 8.3% and Buick sales rose 7.7%

Ford said it sold 60,518 vehicles in China last month, or 48% more than a year earlier, according to Bloomberg BusinessWeek. The Dearborn, Michigan-based company also said it sold 33,614 Focus compact cars there in October.

However, Toyota’s sales in China fell 44% last month, following a 49% decline in September. Honda and Nissan also reported their worst monthly drops in years.

GM said it plans to invest as much as $7 billion in China in the five years to 2015. And Ford plans to introduce two new sport-utility vehicle models, the Kuga and the EcoSport, in People’s Republic in the next few months.

Shares of GM and Ford are up fractionally in premarket trading.

Photo of Trey Thoelcke
About the Author Trey Thoelcke →

Trey has been an editor and author at 24/7 Wall St. for more than a decade, where he has published thousands of articles analyzing corporate earnings, dividend stocks, short interest, insider buying, private equity, and market trends. His comprehensive coverage spans the full spectrum of financial markets, from blue-chip stalwarts to emerging growth companies.

Beyond 24/7 Wall St., Trey has created and edited financial content for Benzinga and AOL's BloggingStocks, contributing additional hundreds of articles to the investment community. He previously oversaw the 24/7 Climate Insights site, managing editorial operations and content strategy, and currently oversees and creates content for My Investing News.

Trey's editorial expertise extends across multiple publishing environments. He served as production editor at Dearborn Financial Publishing and development editor at Kaplan, where he helped shape financial education materials. Earlier in his career, he worked as a writer-producer at SVE. His freelance editing portfolio includes work for prestigious clients such as Sage Publications, Rand McNally, the Institute for Supply Management, the American Library Association, Eggplant Literary Productions, and Spiegel.

Outside of financial journalism, Trey writes fiction and has been an active member of the writing community for years, overseeing a long-running critique group and moderating workshop sessions at regional conventions. He lives with his family in an old house in the Midwest.

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