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Posted by: Frederik Balfour on April 08, 2009
Here’s a bit of good news for beleaguered General Motors: According to a press release sent out on April 7, GM and its local affiliates in China sold 137,004 vehicles in March, achieving its highest monthly sales figure ever. The record sales were achieved primarily because of a 38.1% year-on-year jump in shipments of its SAIC-GM-Wuling mini-vans. However GM-branded Buicks including the new model Regal and the Buick Excell only registered modest growth, and did not achieve a monthly sales record. According to a GM spokesperson, sales for the group are up about 25% in the first three months.
It would seem that smell of death in Detroit isn’t scaring China’s car buyers off the way it was in Bangkok where I attended the auto show last week. No doubt we can chalk that up to confidence in GM’s local Chinese partner SAIC.
BusinessWeek’s team of Asia reporters brings you the latest insights on business, politics, technology and culture from some of the world’s biggest and fastest-growing economies. Eye on Asia’s bloggers include Asia regional editor Bruce Einhorn, Tokyo reporter Ian Rowley, Korea bureau chief Moon Ihlwan, Asia News Editor and China Bureau Chief. Dexter Roberts, and Hong Kong-based Asia correspondent Frederik Balfour.