General Motors posts record sales in China
General Motors Co. said Thursday that it sold 2.59 million vehicles in China in the first 11 months of 2012, topping last year's record 12-month total of 2.55 million units.
November sales were up 9.7 percent over the previous year, GM, the largest foreign automaker in China, said in a statement posted on the company's web site.
GM sold 10.4 percent more units in China in January-November than in the same period of 2011.
The giant automaker's Shanghai GM unit delivered a record 136,444 units last month, marking a 20.6 percent jump from the level of November 2011.
SAIC-GM-Wuling Automobile Co., which produces small commercial vehicles, saw sales decline 0.5 percent from November 2011, while FAW-GM Light Commercial Vehicle Co. posted a 4.2 percent gain in sales.
GM said sales of its Buick line in China climbed 17 percent last month.
The company's Baojun brand, produced only for the Chinese market, enjoyed a whopping 70 percent increase in sales compared with November 2011.