General Motors Says China 2012 Sales up 11% on Year

0

SHANGHAI–General Motors Co. ( GM ) and its joint ventures in China sold a record 2.84 million vehicles in the country
in 2012, up 11% from a year earlier, the U.S. auto maker said Monday.

“GM remained a leader in our company’s largest market in spite of a downturn in the commercial-vehicle segment where
GM has a significant presence,” Bob Socia, head of GM’s China division, said in a statement.

“We benefited from a broad portfolio of models that are meeting the diverse needs of vehicle buyers across China,” he
said.

GM’s joint venture with Shanghai’s SAIC Motor Corp. sold 1.33 million units last year, up 11% and sales at its joint
venture with FAW Group grew 12% to 1.45 million units.

Sales at commercial-vehicle maker SAIC-GM-Wuling Automobile Co., a joint venture between GM, SAIC and Liuzhou Wuling
Motors Co., totaled 55,609 units, a decrease of 0.9%, the U.S. car maker said.

Last year, China sold 19.3 million vehicles, up 4.3%, data from the China Association of Automobile Manufacturers
showed Friday.

Write to Rose Yu at rose.yu@dowjones.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires


  (END) Dow Jones Newswires
  01-14-130029ET
  Copyright (c) 2013 Dow Jones  Company, Inc.


Comments are closed.