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

 Search News  Or
GM China sales up 21.3% in May

Jun. 6, 2012 (China Knowledge) - U.S.-based auto giant General Motors Corp and its China joint ventures sold a total of 231,183 vehicles in May this year, representing a YoY increase of 21.3%, principally boosted by strong sales of SAIC-GM-Wuling Automobile Co.

In a statement disclosed today, GM said Shanghai GM, a joint venture established with Shanghai Automotive Industry Corp (SAIC), saw vehicle sales reach 99,113 units last month, up 7.1% from a year earlier.

SAIC-GM-Wuling, a JV among SAIC, GM and Liuzhou Wuling Motors Co, sold 119,721 vehicles in May, 34% more than in the same month of 2011.

FAW-GM, a JV between GM and FAW Group, the parent co of FAW Car Co Ltd<000800>, saw vehicles sales reach 3,756 units last month, down 0.7% YoY.

In the first five months of this year, GM, along its Chinese JVs, sold a total of 1.2 million autos, reflecting a YoY increase of 11.5% and the highest level ever recorded. The auto sales included 530,000 units by Shanghai GM and 644,000 units by SAIC-GM-Wuling, representing YoY growth of 6.4% and 16.6%, respectively. However, FAW-GM's auto sales fell 3.5% YoY to 25,800 units in the five-month period.

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