General Motors reported sales in China increased by 16% during September and its joint ventures delivered a record 343,773 vehicles. The maker also announced an investment in a Chinese ride-sharing venture.
Cadillac set an all-time record for monthly deliveries, while Buick and Baojun, GM’s China-only brand, reached new highs for September, GM reported. In the first nine months of 2016, retail sales by GM and its joint ventures in China increased 9% on an annual basis to a record 2,718,315 units.
“The growth in demand last month was supported by improving product mix,” said GM Executive Vice President and GM China President Matt Tsien. “We saw strong sales momentum across our brands, especially Cadillac in the luxury segment.” (more…)