GM Sees Sales Soar in China and 2 More Heavily Traded Stocks to Follow
General Motors Co. (NYSE:GM): Current price $34.83
General Motors on Thursday announced that its sales in China soared by 15 percent in September, to 277,647 vehicles, alongside an 11 percent rise in August, while demand for luxury brands buoyed Cadillac sales. Beyond that, Cadillac sales jumped by 74 percent, to 4,496 cars, including its XTS sedan and SRX midsize crossover SUV. Sales of autos from General Motors’s joint venture with SAIC Motor and Liuzhou Wuling Motors also moved up, including a 9.6 percent bump in less expensive Baojun, which sold 10,028 cars. GM plans to launch 17 new models in China this year and will shell out $11 billion on new factories and model rollouts by 2016.