Wednesday, March 14, 2012

GM's China sales surge 50 pct to monthly record

General Motors said Tuesday that sales in China soared 50 percent in April to a monthly record of 151,084 vehicles, thanks to strong demand for Buick brand cars and Wuling minivehicles.

Sales of the Buick Excelle sedan, a staple in GM's Shanghai-produced portfolio, more than doubled from a year ago to 22,078, the company said in a statement.

Overall Buick sales jumped 63.6 percent in April to 38,071 units, it said.

GM's minivehicle joint venture, SAIC-GM-Wuling, has been one of the biggest beneficiaries of Chinese government policies aimed at encouraging purchases of small cars and minivans. Wuling minivehicle sales surged 60.6 percent from a …

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