gm\s china firsthalf sales rise 53
Last Updated : GMT 09:40:38
Themuslimchronicle, themuslimchronicle
Themuslimchronicle, themuslimchronicle
Last Updated : GMT 09:40:38
Themuslimchronicle, themuslimchronicle

GM\'s China first-half sales rise 5.3%

Themuslimchronicle, themuslimchronicle

Themuslimchronicle, themuslimchronicleGM\'s China first-half sales rise 5.3%

Shanghai - AFP

General Motors said Tuesday its sales in China, the world\'s largest auto market, rose 5.3 percent on-year in the first half of 2011 to a record 1.27 million vehicles. June sales alone were up 9.9 percent on-year at 193,878 units, boosted by strong demand for passenger cars made by Shanghai GM, its joint venture with China\'s largest auto maker SAIC Motor, the US auto giant said in a statement. \"Domestic demand for the Buick, Chevrolet and Cadillac brands hit new June highs,\" it said. The rise in June ended two consecutive year-on-year falls in sales posted in April and May. The number of vehicles sold by GM and its joint ventures had dipped 2.7 percent to 190,674 units in May, while April sales fell 4.6 percent year-on-year to 203,367. China, which overtook the US to become the world\'s top auto market in 2009, has become increasingly important for global players such as GM. Auto sales in China rose more than 32 percent last year to a record 18.06 million units. But the sector overall has since lost steam after Beijing phased out sales incentives such as tax breaks for small engine vehicles to ward off the impact of the global financial crisis. Auto sales in China fell 3.98 percent from a year earlier in May to 1.38 million, declining for the second straight month, according to the China Association of Automobile Manufacturers, a government affiliated industry group. Shanghai GM\'s domestic sales rose 41.4 percent on year in June while sales at GM\'s commercial vehicle joint venture, SAIC GM Wuling, fell 11.2 percent to 88,027 units due to the expiration of incentive policies, the statement said.

themuslimchronicle
themuslimchronicle

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

gm\s china firsthalf sales rise 53 gm\s china firsthalf sales rise 53

 



Themuslimchronicle, themuslimchronicle
Themuslimchronicle, themuslimchronicle
Themuslimchronicle, themuslimchronicle

GMT 08:22 2017 Friday ,17 March

Nicole Saba denies participating in another work

GMT 13:27 2017 Friday ,11 August

Syrian army gains ground on Jordan border

GMT 17:24 2017 Saturday ,01 April

Palestinian stabs 3 Israelis, is shot dead

GMT 11:25 2017 Wednesday ,11 October

Iranians show unity before any American escalation

GMT 10:02 2017 Monday ,25 September

Indian fireworks factory blast kills nine: police

GMT 08:29 2017 Friday ,29 December

Bitcoin falls on S.Korea curbs

GMT 09:36 2016 Tuesday ,29 November

Poor diet sees scurvy reappear in Australia

GMT 08:17 2017 Saturday ,23 September

Actress Dora prefers simple designs

GMT 11:07 2017 Wednesday ,09 August

A catalogue of terror in France

GMT 00:08 2017 Friday ,22 December

EU approves Lufthansa buyout

GMT 07:13 2017 Thursday ,21 December

Coalition raids hit Yemen rebels

GMT 10:40 2016 Wednesday ,13 July

Matthews hungry for more Tour success

GMT 09:58 2017 Wednesday ,19 April

United Arab Emirates hosts Culture Summit 2017

GMT 17:00 2017 Sunday ,19 November

Lebanon under 'total control' of Hezbollah
Themuslimchronicle, themuslimchronicle
Themuslimchronicle, themuslimchronicle
 
 Themuslimchronicle Facebook,themuslimchronicle facebook  Themuslimchronicle Twitter,themuslimchronicle twitter Themuslimchronicle Rss,themuslimchronicle rss  Themuslimchronicle Youtube,themuslimchronicle youtube  Themuslimchronicle Youtube,themuslimchronicle youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2023 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2023 ©

muslimchronicle muslimchronicle muslimchronicle muslimchronicle
themuslimchronicle themuslimchronicle themuslimchronicle
themuslimchronicle
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
themuslimchronicle, themuslimchronicle, themuslimchronicle