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GM’s August Sales Double in China

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While General Motor’s August sales in the U.S. dropped 20%, the automaker has enjoyed an increase in Chinese demand with a 113% leap in sales from a year ago.

From VOA News:

U.S. auto giant General Motors says its sales in China are surging, putting that country on pace to have up to 12 million new GM vehicles on the road by the end of the year.

GM Tuesday said August sales in China jumped almost 113 percent compared to the same time last year, and that those sales could rise more than 40 percent for the entire year.

The automaker has set new records for vehicle sales in China every month since January, in part because of incentives from the government.

Read the full article.

Other Related Topics: Cash for Clunkers , China Investments , Foreign Automakers , General Motors

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