News Column

GM's Sales in China up 14.3 Percent in October

Nov. 6, 2012

Nathan Bomey

General Motors' sales in China rose 14.3% in October even as the country's rate of economic growth slowed.

GM and its joint ventures sold 251,812 vehicles in China last month. Sales for the first 10 months of the year rose 10.5% to 2.3 million vehicles.

GM had 14.4% market share in China in the third quarter of 2012, according to an earnings report released last week. The company made a $689 million pre-tax profit in its International Operations unit, which includes the critically import China market.

The company's largest Chinese collaboration, a joint venture called Shanghai GM, reported a 13.8% increase in October to 117,611 units.

The Wuling brand, GM's most popular in China, rose 17% to 118,788 units.

Chevrolet sales rose 8.3% to 54,660, bolstered by a 14.9% increase in the Chevy Sail family of vehicles to 18,385. Buick sales rose 7.7% to 60,510.

Cadillac, which GM wants to expand its market reach in China, rose 19.5% to 2,491 units.



Distributed by MCT Information Services


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Source: (c) 2012 the Detroit Free Press


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