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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.







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