UPDATE 1-GM Oct China vehicle sales more than double year ago

Mon Nov 9, 2009 4:51am GMT
 
Email | Print | | Single Page
[-] Text [+]

* Oct China vehicle sales more than double from year earlier

* Shanghai GM October sales up 109.7 pct

* SAIC-GM-Wuling October sales up 78.5 pct

(Adds details)

By Fang Yan and Jacqueline Wong

SHANGHAI, Nov 9 (Reuters) - General Motors Co [GM.UL] said on Monday its China vehicle sales in October more than doubled from a year earlier, continuing a string of monthly sales records since the start of the year due to Beijing's stimulus policies.

General Motors, which competes with Volkswagen AG (VOWG.DE) and others, sold 166,911 vehicles in China last month, it said in a statement.

Sales of the Detroit automaker and its joint ventures came to 1.46 million units from January to October and exceeded 1.5 million units as of Monday, it said.

China's auto market has been a major bright spot this year thanks to a raft of government incentives, including aggressive cuts in sales taxes on small cars, which will expire by the end of the year.  Continued...

 

Market Update

  • UKUK
  • USUS
  • Europe
  • Asia
  • UK Most Actives

Most Popular Business News on Reuters UK

  • Articles
  • Videos