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
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Transport & Logistics
China’s Great Wall Motor closes European HQ and lays off workers
Toyota, other Japan automakers under fire for new lapses as safety scandal deepens
Airline body Iata calls for airline taxation to remain in carriers’ headquartered country
Chinese courier giant SF Holding gets regulatory nod for Hong Kong listing
Global airlines raise 2024 profit outlook as travel soars
Airlines eye ‘new frontier’ of AI ahead of global summit