Both General Motors and Ford Motor Co. reported record sales in China during 2016, thanks in part to the growing popularity of American-designed sport-utility vehicles and luxury cars.
Between them the two American giants sold more than 5 million vehicles, claiming more than 20% of the total Chinese market.
GM and its joint ventures reported delivering a record 3,870,587 vehicles in China in 2016, which was an increase of 7.1% from the previous high in 2015. For all of 2016, Ford Motor Co. sales totaled a best-ever 1.27 million vehicles, 14% higher than 2015. (more…)