GM says August China auto sales up 14 percent year-on-year
Reuters
Published Sep 04, 2014 08:45
GM says August China auto sales up 14 percent year-on-year
SHANGHAI (Reuters) - General Motors Co (N:GM) and its Chinese joint ventures sold 280,178 vehicles in China in Aug, up 14 percent from a year earlier, the U.S. automaker said on Thursday.
That follows a 12.7 percent year-on-year rise in July and a 9.1 percent rise in June.
The company's sales in the first eight months of the year totalled 2.26 million vehicles, up 11.1 percent from the same period a year earlier.
GM plans to invest $12 billion (7.29 billion pounds) in China between 2014 and 2017 and build five more plants to ramp up its manufacturing capacity, its China president Matt Tsien said at the Beijing auto show in April.
GM makes vehicles in China in partnership with China FAW Group Corp [SASACJ.UL] and SAIC Motor Corp Ltd (SS:600104).
(Reporting by Samuel Shen and Brenda Goh; Editing by Miral Fahmy)
Get The App
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.