General Motors (NYSE:GM), in collaboration with its joint ventures in China, put up a record show. The automaker’s deliveries surged 18% to 293,537 vehicles for the month of August. Considering the first eight months of the year, General Motors' sales grew 8.1% to a record 2,374,582 vehicles in partnership with its Chinese colleagues.
What powered the company’s delivery volumes in August were the strong sales of its brands Buick, Chevrolet, Baojun and Cadillac. Matt Tsien, GM executive vice president and GM China president, said, “Our mainstream passenger car entries drove our sales momentum…We are looking to build on our success by adding another five new and refreshed models in the final four months.” The company is building its strategies to cement its dominance in the mainland, considering the growth prospects the emerging market offers. Here’s a brief look at the Detroit automaker’s performance in its largest international market. Continue Reading »