GM Has a Great Quarter in China
By Brendan Moore
GM can do no wrong in China. First quarter results came out earlier today, and vehicle sales for General Motors were up 25% over first quarter 2006, which itself broke the previous quarter record.
Retail sales in China totaled 291,588 vehicles during the January-March period, including vehicles manufactured by Shanghai GM, their joint venture in China. As usual, the Buick nameplate led the way for GM’s results.
GM surpassed Volkswagen last year to become the biggest auto maker in China and shows no signs of let-up, and in fact, the retail sales gap between GM and VW is widening every month. If their U.S sales growth could match China’s, General Motors would have very few problems worth talking about.
COPYRIGHT Autosavant.net – All Rights Reserved