GM logs 6.3% sales growth in China in April 2014 to 278,263 units

Article by Andrew Christian, on May 8, 2014

General Motors Co. posted a 6.3-percent surge in sales in China in April to 278,263 units, the carmaker in a statement. China has seen its economic growth slightly slowed down to 7.4 percent pace in the first quarter of 2014, from 7.7 percent in the previous quarter. GM and German group Volkswagen AG are both vying to become best-selling foreign carmaker in China.

VW has already indicated its intention to stave off any challenge from GM. In response, GM China president Matt Tsien disclosed that the US carmaker is planning to spend $12 billion through 2017 and launch more than 60 new or refreshed models in China by the end of 2018.

The carmaker saw its Buick deliveries jumped only by 2.7 percent in April to 68,707 units. Chevrolet, meanwhile, posted a 6.4-percent surge in sales in China to 53,810 units.

GM unveiled the latest iteration of the Cruze compact at the Beijing auto show in April and launched the Chevrolet Trax SUV at the show.

The Trax is aimed at taking a chunk in the SUV segment that has grown 37 percent in the first quarter of 2014, according to the China Association of Automobile Manufacturers. GM also saw its Cadillac luxury brand logged a 49-percent climb in deliveries in April o 6,091 units.

GM is targeting to deliver over 100,000 units Cadillacs in China by the end of 2015, following a 67-percent gain last year to 50,005 units. GM also saw its Wuling joint venture post a 7.4-percent climb in sales to 144,729 units.

Tsien at the Beijing auto show that GM is increasing its production capacity in China by 65 percent by the end of the decade. [source: GM]

Topics: gm, china, sales

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