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GM China sales up 14% in Oct

Nov. 6, 2012 (China Knowledge) - U.S.-based auto giant General Motors Corp and its China joint ventures sold a total of 251,812 vehicles in October this year, representing a YoY increase of 14.3%, source reported.

Shanghai GM, a joint venture established with SAIC Motor Corp Ltd<600104>, saw its vehicle sales reach 117,611 units last month, up 13.8% from a year earlier.

SAIC-GM-Wuling, a JV among SAIC, GM and Liuzhou Wuling Motors Co, sold 129,806 vehicles in October, 15.9% 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 4,259 units last month, down 2.7% YoY.

In the first ten months of this year, GM, along its Chinese JVs, sold a total of 2.33 million autos, reflecting a YoY increase of 10.5%. The auto sales included 1.08 million units by Shanghai GM and 1.2 million units by SAIC-GM-Wuling, representing YoY growth of 7.4% and 13.9%, respectively. However, FAW-GM's auto sales fell 0.5% YoY to 45,508 units in the ten-month period.

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