Financial Markets
Real Estate
Local listed Company
Overseas-listed Company
Foreign Company
Industrial Parks

Company - Domestic
 Search News  Or
Shanghai GM's sales up 14.9% in May

Jun. 4, 2012 (China Knowledge) - Shanghai GM, a joint venture between General Motors and SAIC Motor Corp Ltd<600104>, has announced that its auto sales for May of this year hit 110,503 units, sources reported.

Sales of Buick vehicles were 51,360 units last month, and sales of Chevrolet vehicles surged 35.7% YoY to 56,938 units. The company delivered 2,205 Cadillac vehicles in May.

In the first five months of this year, Shanghai GM's auto sales amounted to a record 555,280 units, including 12,109 Cadillac vehicles, 6.6% more than in the same period of 2011.

SAIC Motor said last month that its board of directors had approved the sale of a 1% stake in Shanghai GM back to GM for US$91.4 million in cash. The deal is still subject to approval from Chinese regulators, according to an earlier report from China Knowledge.

Add this     
Copyright © "2015"

Send feedback or comments to:

For more news, financial weekly reports, business guides to China, Market Research Reports and other premium information, subscribe to China Knowledge today

To access our page on Bloomberg, type CKFI (GO)

 Our Professional Services


 News Archive
About Us | CSR | Media Center | E-Newsletter | E-Store | Contact Us | Feedback | Sitemap | Privacy Policy | Terms of Use  

           Copyright © 2014 China Knowledge Online. All Rights Reserved