Sales of FAW-GM is more than doubled last month
(chinatrucks.com, Nov. 23, 2009)GM and other automakers are looking to first-time buyers in smaller Chinese cities to help drive sales as incomes outside the country's prosperous east coast rise.
Beijing has helped to boost auto sales with tax cuts and -subsidies for drivers to shift to cleaner, more fuel-efficient cars.
Most of that aid has gone to Chinese makers of smaller cars, though foreign producers also see sales rising.
JOINT VENTURE
GM said last month's sales by its flagship joint venture, Shanghai GM, rose 109.7 percent to 68,505 vehicles and the total for the first 10 months of the year was up 46.5 percent at 548,707 units.
SAIC-GM-Wuling Automobile, GM's mini--commercial vehicle joint venture, sold 89,416 vehicles last month, up 78.5 percent from the same month last year.
The total for the year to date was up 65.9 percent at 891,285 units.
GM's two-month-old joint venture with truck maker FAW, FAW-GM Light Duty Commercial Vehicle Co Ltd , sold 8,687 vehicles last month.
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