GM falters in China
Source: Bloomberg News |
August 6, 2011, Saturday
|
Print Edition
Print Edition
GENERAL Motors, the world's biggest vehicle maker, yesterday said China sales fell 1.8 percent from a year earlier as deliveries of commercial vehicles declined.
GM and its joint ventures sold 173,398 vehicles in the Asian nation last month, the Detroit-based auto maker said in a statement. But Buick sales rose 15 percent to 50,265 units, while Chevrolet deliveries gained 17 percent to 46,154, according to the statement.
Sales by SAIC-GM-Wuling Automobile, GM's minivan venture with SAIC Motor Corp, fell to 77,944 units from 90,658 a year earlier, the company said.
China's auto sales growth has slowed from the record 32 percent gain last year after the government phased out incentives and imposed ownership restrictions to curb traffic congestion.
GM and its joint ventures sold 173,398 vehicles in the Asian nation last month, the Detroit-based auto maker said in a statement. But Buick sales rose 15 percent to 50,265 units, while Chevrolet deliveries gained 17 percent to 46,154, according to the statement.
Sales by SAIC-GM-Wuling Automobile, GM's minivan venture with SAIC Motor Corp, fell to 77,944 units from 90,658 a year earlier, the company said.
China's auto sales growth has slowed from the record 32 percent gain last year after the government phased out incentives and imposed ownership restrictions to curb traffic congestion.
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