GM April Sales in China Soar
07 May 2009
GENERAL Motors yesterday said sales in China soared 50 percent last month to a monthly record of 151,084 vehicles, thanks to strong demand for Buick brand cars and Wuling mini-vehicles.
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.
Overall Buick sales rose 63.6 percent last month to 38,071 units, it said.
GM's mini-vehicle 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 mini-vehicle sales surged 60.6 percent from a year earlier last month, to 95,544 units, GM said in a statement.
Vehicle sales in China so far this year have outpaced those in the United States. If those trends continue, China would replace the US as the world's biggest auto market.
Detroit-based GM, which has received billions of dollars in government financial support, is working on a restructuring plan and has until June 1 to avoid a possible bankruptcy filing.
GM said the record in its monthly sales was helped also by its Regal upper-medium sedan, which was introduced at the end of last year, and its new Chevrolet Cruze compact sedan.
Source : internet
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