3 Auto Stocks Going Places: GM Sales Gain in China, Toyota’s Pickup Situation, and Tesla Faces a Revenue Cut
General Motors Co. (NYSE:GM): GM’s sales in China grew 11 percent in July thanks to a strong performance from the Buick brand, with gains that came after a 10.6 percent gain in June. Buick deliveries jumped 26 percent to 66,208 units, largely on the popularity of the Excelle line, while Cadillac sales surged 83 percent to 3,688. Chevrolet faltered, though, sliding 3.4 percent to 43,343. The company remains on track to nail its 3 million unit goal for the year in China.