New York, New York 3/4/2010 3:20:00 AM
News / Business

General Motors Reports 51 Percent Rise in China Sales

General Motors reported Thursday its February vehicle sales in China rose 51 percent from a year earlier, while Ford (NYSE: F) and Toyota (NYSE: TM) also reported double digit growth, according to Associated Press.

 

The 174,306 vehicles sold by General Motors Co. and its joint ventures in China in February was a company record for the month, yet was still well below the 219,192 vehicles sold in January.

 

Ford Motor Co.'s joint venture in China, Changan Ford Sales Co., reported that sales climbed 37.5 percent in February to 18,193 Ford brand passenger vehicles, compared with 30,759 sold in January.

 

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Sales of Toyota-brand vehicles rose 30 percent from the year before to 45,000 units, which were down sharply from 72,000 vehicles sold in January.

 

The company, whose 75,522 RAV4 sport-utility vehicles recalled in China, has sought to prevent the damage seen in the U.S. and elsewhere from spreading to the fast-growing Chinese market.

 

This week, Toyota announced it is repairing more than 1.6 million vehicles around the world, including the United States and Japan, for potentially leaky oil hoses.

 

The bulk of GM's were still by SAIC-GM-Wuling, GM's mini-vehicle joint venture, which sold 110,315 units, up 37.7 percent from the year before.

 

Sales by GM's flagship in China, Shanghai GM, increased 65.7 percent to 58,182 units, with demand for Chevrolet models accounting for more than 40,000 of that total. Sales of Cadillacs more than tripled to over 900 units.

 

GM's sales in China rose nearly 74 percent from a year earlier in the first two months of the year, to 393,498 units.

 

China's official auto sales figures are due for release next week.

 

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