/ Industry, News, Others / China: Great Wall executives ousted amid poor performance

China: Great Wall executives ousted amid poor performance

Linked In Share
China: Great Wall executives ousted amid poor performance

Underlining the broad recent history of Chinese local brands, due to a slump in sales while the overall pace of the industry has double-digit growth, the country’s biggest SUV producer has decided to replace three of its executives.

The China-based automaker said in a statement the changes were actually unrelated to the poor sales results, as they were made as part of a regular management rotation. Still, the three executives were not disclosed to what positions they were moving. The change affects Kang Guowang, leaving his post as head of local China sales; Xing Wenlin, who took care of the international retails and Liang Xinlu, that was in charge of components acquisitions.

“The market will keep speculating whether the executives were demoted or not,” said Cao He, a Beijing-based analyst with Minzu Securities Co. “Great Wall is facing the most difficult time it ever had with the delay of its H8 SUV and sluggish sales of its car models.”

While in 2013 the company’s shares gained in the Hong Kong stock exchange more than 75%, so far this year the automaker trades 33% lower, after in the first five of the six months of the year the sales were down and the carmaker also – for the second time – postponed the sales of its new Haval H8 sport utility vehicle.

Via Bloomberg

by Aurel Niculescu (my Google+) - Monday, June 23rd, 2014 - filed under Industry, News, Others. Image credit: .
Linked In Share
Related Articles
china dismissal executives great wall motors


Discuss: China: Great Wall executives ousted amid poor performance

Leave a Reply















Inautonews Facebook PageInautonews RSS FeedInautonews TwitterInautonews Youtube Channel

Sign up to receive our email newsletter on your email. It's safe. No spam!

Test Drive: Mercedes-Benz GLA 220 CDI
Test Drive: Mercedes-Benz GLA 220 CDIThe Mercedes compact family has a new member – the adventurous GLA crossover. That means the lower-end of the luxury ...
The Nurburgring has a new owner – Viktor Kharitonin
The Nurburgring has a new owner – Viktor KharitoninRussian billionaire Viktor Kharitonin has just purchased the famous German track, the Nurburgring. “The Green Hell” is where ...
Mazda2 Sedan going to Thailand Motor Show
Mazda2 Sedan going to Thailand Motor ShowMazda will be officially pulling the wraps off a new body style of the Mazda2, the Sedan, at the 2014 Thailand International ...
Mercedes-Benz CLA Shooting Brake spied once more
Mercedes-Benz CLA Shooting Brake spied once moreNew spy photos with the new Mercedes-Benz CLA Shooting Brake have surfaced and they are showing the model in question almost ...
Mercedes-Benz GLE Coupe caught on camera
Mercedes-Benz GLE Coupe caught on cameraOur spy photographers have caught on camera recently the brand new Mercedes-Benz GLE Coupe while it was being tested out. The ...
Meet Karl – Opel’s new entry-level city car
Meet Karl – Opel’s new entry-level city carThe German based automaker Opel is planning to introduce a new five-door entry-level city car, called Karl, sometimes next ...
Recall roundup: Fiat Chrysler Automobiles’ vans and SUVs for two separate problems
Recall roundup: Fiat Chrysler Automobiles’ vans and SUVs for two separate problemsFiat Chrysler Automobiles has announced two separate recalls which are covering several vans and SUVs in the United States ...
Hyundai milestone: 10 million Elantras sold
Hyundai milestone: 10 million Elantras soldThe South Korean based automaker Hyundai has officially announced the selling of over 10 million units of the popular Elantra ...
Mercedes-AMG GT is almost sold out for 2015 and 2016 model years
Mercedes-AMG GT is almost sold out for 2015 and 2016 model yearsThe Mercedes-AMG GT has been almost sold out across the globe for the 2015 and 2016 model years. Even if it has been introduced ...
Recall roundup: Ford Edge and Lincoln MKX
Recall roundup: Ford Edge and Lincoln MKXFord has issued a recall for several Edge and Lincoln MKX vehicles because of a problem with corrosion. The North American based ...
BMW M4 Special Edition GTRS4 by Vorsteiner going to SEMA
BMW M4 Special Edition GTRS4 by Vorsteiner going to SEMAThe aftermarket specialists from Vorsteiner have officially announced the official introduction of the BMW M4 Special Edition ...
Another Ferrari LaFerrari is up for sale
Another Ferrari LaFerrari is up for saleAnother unit of the impressive Italian hybrid supercar Ferrari LaFerrari is up for grabs, this time in the United Arab ...
Takata debacle puts GM’s mishaps under the shade
Takata debacle puts GM’s mishaps under the shadeThe year started off incredibly hard for General Motors, after a February recall that led to lawsuits, a total rethink of the ...
2015 Ford Everest to be unveiled in November
2015 Ford Everest to be unveiled in NovemberThe North American based automaker Ford is planning to officially pull the wraps off the 2015 Everest in mid-November. The 2015 ...
Three new Scion Concept cars going to SEMA
Three new Scion Concept cars going to SEMAScion has announced its plans to introduce no less than three new concept cars at the upcoming 2014 SEMA Motor Show. First up ...
Read more automotive news


2013 Frankfurt Motor Show Live Images

Mercedes_GLA_DSC9359
Spy-Shots of Cars
Spy-Shots of Cars
Spy-Shots of Cars
BMW M4 Special Edition GTRS4 by Vorsteiner going to SEMA 1
ferrari laferrari for sale dubai 1
custom scion fr-s 2014 sema motor show 1
AeroMobil 3.0 flying car 1
audi a4 20th anniversary 1
Five customized Ford Transits going to SEMA 1
Toyota FCV Rally Car 1
2016 honda civic type-r 2

More automotive from inautonews
The Mercedes compact family has a new member – the adventurous GLA crossover. That means the lower-end of the luxury automaker’s lineup consists of the A, B, CLA and GLA models. No wonder the German carmaker has achieved spectacular sales results lately. Back in 2005, Mercedes lost its ...
read more
Inautonews Editors Section
Test Drive: Mercedes-Benz GLA 220 CDI
Test Drive: Mercedes-Benz GLA 220 CDIThe Mercedes compact family has a new member – the adventurous GLA crossover. That means the lower-end of the luxury automaker’s lineup consists ...
Test Drive: Dacia Sandero Stepway 1.5 90 HP
Test Drive: Dacia Sandero Stepway 1.5 90 HPIf you live in Europe, you don’t need an introduction to Dacia anymore – this is the affordable Renault subsidiary that rocked the auto industry ...
Test Drive: Mercedes-Benz A180 CDI AT
Test Drive: Mercedes-Benz A180 CDI AT The new generation of the A-Class has been around since 2012 and its overall design is quite drastic, considering its predecessor. Now, two years ...

Editors Section
Inautonews Editors Section
2012 Safest Cars list 2011 Safest Cars [Video] 2011 IIHS Safest Cars [Video] 2011 EuroNCAP Safest Cars 2010 Safest Cars [Video]

Latest in Safety Recall roundup: Fiat Chrysler Automobiles’ vans and SUVs for two separate problemsFiat Chrysler Automobiles has announced two separate recalls which are covering several vans and ... Recall roundup: Ford Edge and Lincoln MKXFord has issued a recall for several Edge and Lincoln MKX vehicles because of a problem with ...
Safety Section