GM says Jan China auto sales down 2.4% y-o-y

[SHANGHAI] General Motors and its Chinese joint ventures sold 339,781 vehicles in China in January, down 2.4 per cent from a year earlier, the US automaker said on Friday.

That follows a 31.9 per cent year-on-year rise in December and a 5.3 per cent rise in November. In 2014, GM's China sales rose 12 per cent.

GM has said it plans to invest US$12 billion in China between 2014 and 2017 and build more plants to ramp up its manufacturing capacity.

GM makes vehicles in China in partnership with China FAW Group and SAIC Motor.

REUTERS