Shanghai General Motors Corp: Jun Sales Up 59% On Year
08 Juli 2009 - 4:42PM
Dow Jones News
Shanghai General Motors Corp. recorded a 59% jump in sales
volume in June from a year earlier, said a senior executive of the
passenger vehicle joint venture between General Motors Corp. (GM)
and SAIC Motor Corp. (600104.SH) Wednesday.
Ding Lei, vice president of SAIC Motor and managing director of
Shanghai GM, said that the sales volume gains in June built on the
year-on-year growth of 28% recorded in April and 50% in May.
Ding, who was speaking at an event in the southern city of
Guangzhou to mark the launch of the new Buick LaCrosse, didn't
provide sales figures.
The strong sales in China last month came despite GM's
bankruptcy protection filing in the U.S. In early June, GM said its
overseas operations were not included in the filing.
GM's other joint venture in China is a commercial vehicle tie-up
with Wuling Automobile Co. and SAIC called SAIC-GM-Wuling
Automobile Co.
GM's sales in China overall rose 62% in June from a year earlier
to 143,294 units.
-By Patricia Jiayi Ho, Dow Jones Newswires; (8610) 6588 5848;
patricia.ho@dowjones.com