GM Success in China

By: Associated Press
By: Associated Press

General Motors says its sales in China jumped 47 in the first six months of the year, compared with the same period last year.

GM said today that it and its joint ventures sold 454-thousand vehicles in China in the January through June period, compared with 309-thousand a year earlier.

GM says it has a 12-and-a-half percent share in the China vehicle market, up from ten-point-eight percent a year earlier, making it the top foreign automaker in the country.

The results are a sharp contrast to GM's problems at home, where its sales have fallen and it has been losing money most quarters.

Chinese auto sales rose 31 percent this year through May.


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