Tags: AS | China | GM

GM: Sales in China Climb 68 Percent to Set Record

Friday, 02 Apr 2010 12:56 PM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink

General Motors Co. and its joint ventures say their sales jumped 68 percent in March over a year earlier to a new monthly record.

The 230,048 GM vehicles sold in March in China set a record for the 15th straight month, the company said Friday.

Sales in the first quarter surged 71 percent to 623,546 units, GM said in a statement.

Sales of Buicks, Chevrolets and Cadillacs made at its flagship Shanghai GM joint venture jumped 89 percent from the same month last year to 86,967 units in March. Demand also is strong for minivans due to government subsidies and sales tax cuts.

"While demand has grown for most of our product lines, we have seen particularly strong interest in GM's newest passenger car models, the Chevrolet Cruze, Chevrolet New Sail and Buick Excelle XT," said Kevin Wale, president and managing director of the GM China Group.

GM's mini-vehicle joint venture, SAIC-GM-Wuling, reported sales growth of 43 percent to 129,489 units.

FAW-GM, GM's new light duty truck joint venture, sold 13,200 vehicles, the company said.

China has offered GM and other global automakers growth potential not to be found in older major markets. In the United States, GM reported 21 percent jump in sales in March to 188,546 units.

© Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
Zip Code:
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
You May Also Like

Wyoming Cave With Fossil Secrets to be Excavated

Thursday, 24 Jul 2014 13:46 PM

For the first time in three decades, scientists are about to revisit one of North America's most remarkable troves of an . . .

FTC Commissioner Warns on Mobile Health-Data Gathering

Wednesday, 23 Jul 2014 20:48 PM

Federal Trade Commissioner Julie Brill, speaking in Washington on Wednesday, expressed concern about the way apps on sma . . .

GOP Aims to Overcome Digital Divide With Democrats

Wednesday, 23 Jul 2014 18:37 PM

Republicans are beginning to close the digital gap with their rivals across the aisle, as the GOP House leadership takes . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved