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GM China sales up 7.3% in Aug

Sep. 6, 2012 (China Knowledge) - U.S.-based auto giant General Motors Corp and its China joint ventures sold a total of 220,996 vehicles in August this year, representing a YoY increase of 7.3% or a MoM growth of 10.8%.

In a statement, GM said Shanghai GM, a joint venture established with SAIC Motor Corp Ltd<600104>, saw vehicle sales reach 110,209 units last month, up 11.7% from a year earlier.

SAIC-GM-Wuling, a JV among SAIC, GM and Liuzhou Wuling Motors Co, sold 106,500 vehicles in August, 3.4% 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 4,117 units last month, up 17.4% YoY.

In the first eight months of this year, GM, along its Chinese JVs, sold a total of 1.84 million autos, reflecting a YoY increase of 11.2%. The auto sales included 846,822 units by Shanghai GM and 950,621 units by SAIC-GM-Wuling, representing YoY growth of 7.1% and 15.6%, respectively. However, FAW-GM's auto sales fell 1.0% YoY to 36,668 units in the eight-month period.

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