GM's sales up 4% on strong US, China demand
Updated: 2013-07-17 09:51
(Agencies)
|
|||||||||||
GM headquarter in Detroit.[Photo/Rueters] |
Detroit - General Motors Co's global sales rose almost 4 percent in the first six months of the year as strong demand in the United States and China outweighed sliding sales in Europe, the company said on Tuesday.
The No 1 US automaker sold more than 4.85 million cars and light trucks in the first half as demand rose at least 7 percent in each of its two largest regions - International Operations, which includes China, and North America.
The results kept GM ahead of Germany's Volkswagen AG in the race for bragging rights as the world's largest automaker. VW reported last week that its six-month sales rose 5.5 percent to 4.7 million vehicles.
Toyota Motor Corp, which sold the most cars globally last year, has not yet released its first-half global sales figures.
Last year, Toyota took back the title of world's largest automaker from GM as the Japanese automaker's 9.75 million sales topped GM (9.28 million) and VW (9.07 million). Toyota held the global sales crown from 2008 through 2010 but fell to third place in 2011 due to negative publicity after a US recall crisis and a disrupted supply chain following an earthquake in Japan and floods in Thailand.
GM's smaller US rival, Ford Motor Co, is due to release its six-month global sales figures later this month.
GM's International Operations, including the world's largest auto market, China, had a first-half sales rise of 7 percent to almost 1.92 million vehicles. In China, where GM is the market-share leader, sales jumped almost 11 percent to a record 1.57 million vehicles.
Sales in North America increased 7.7 percent to more than 1.64 million vehicles. US sales rose 8 percent to 1.42 million.
Sales fell 6.5 percent in Europe to more than 797,000 vehicles, and were down 1 percent in South America to almost 497,000.
GM said its mainstream Chevrolet brand had a 1.4 percent rise in first-half global sales, to 2.5 million cars and trucks. Chevy sales rose in its three largest markets: the United States (up 5.6 percent to more to more than 1 million vehicles), China (up 6.1 percent to 322,000) and Brazil (up 5.1 percent to 305,000).
For VW, sales of its namesake brand rise 4.4 percent globally to 2.91 million vehicles in the first half.
Related Stories
General Motors recalls 232,931 cars in China 2011-03-01 09:55
Asian focus helps General Motors stay afloat 2010-01-05 08:06
General Motors in tentative deal to sell Hummer 2009-10-12 13:56
General Motors says China sales up 38% 2009-07-01 15:56
General Motors: China sales up 38% in first half of 2009 2009-07-01 14:30
Today's Top News
'Missile equipment' found aboard DPRK ship
Merkel's rivals go on attack over US spying
Central govt sincere about HK universal suffrage
China signs co-op pact with Belarus
Gay marriage to be legal in UK
Egypt's interim govt takes oath
Li highlights economic restructuring
Philippines' accusation refuted
Hot Topics
Lunar probe , China growth forecasts, Emission rules get tougher, China seen through 'colored lens', International board,
Editor's Picks
Chinese Haute Couture |
Railway cities staying on track |
More concerns over camps |
Challenging times on 'high-speed Silk Road' |
Coming to a screen near you |
Jiangnan Style |