GM Hops on Chinese Annual Sales Record Bandwagon

  • Like on Facebook
  • Share on Google+
  • Share on LinkedIn

General Motors

Sales data from General Motors’ (NYSE:GM) 2013 in China has come in, and on par with the industry overall, America’s largest automaker has reported record sales. Numbers came in 11.4 percent above 2012 figures. Between its Chinese joint venture partners — FAW Group and SAIC Motor Corp. — GM moved 3.16 million vehicles during the year.

December sales clocked in at 271,002 vehicles, an increase of 11.8 percent year-over-year, Reuters reports. That rise came after an equally strong November month, which saw sales gain 13.3 percent.

“GM maintained good growth momentum in our company’s largest market, despite a modest slowdown in demand for commercial vehicles,” Matt Tsien, president of GM China, said in a statement on the company’s website.¬†”We benefited from a broad portfolio of models and brands that are meeting the diverse needs of vehicle buyers across China.”

More Articles About:

To contact the reporter on this story: staff.writers@wallstcheatsheet.com To contact the editor responsible for this story: editors@wallstcheatsheet.com

Yahoo Finance, Harvard Business Review, Market Watch, The Wall St. Journal, Financial Times, CNN Money, Fox Business