General Motors reported its sales climbed 16% to a record level in March, while Ford Motor Co.’s sales dropped 21%.
The sales increase left GM China executives in an upbeat mood as the critical Shanghai Auto Show officially opened this week. Overall GM delivered 345,448 vehicles in March for the company’s year-over-year growth since last August as the Buick, Cadillac and Baojun brands all reached new sales highs for March.
“SUVs, MPVs and luxury vehicles will help us further tap into the market’s growth potential,” said GM Executive Vice President and GM China President Matt Tsien. (more…)