GM Lead Gains as China Sales Up 7.9%
General Motors’ China sales rose during the first two months of this year, extending the US carmaker’s lead over Toyota Motor Corp. in the world’s biggest auto market, as demand for Japanese brands shrank.
Combined sales in the country during January and February climbed 7.9% to 525,835 vehicles, Detroit-based GM said. In the past week, Toyota, Nissan, and Honda have posted declines over the two months in China deliveries.
The results show GM is gaining market share in both of the world’s two biggest automobile markets. Based on data released last week, US sales at the maker of Chevrolet and Buick cars have risen 11% this year, outpacing the growth in total light-vehicle deliveries in the country.
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