GM’s China Sales Gain 20% in February on Demand for Wuling Vans

General Motors Co. (GM), which sells more vehicles in China than anywhere else, said deliveries gained 20 percent last month, led by sales of its Wuling microvans. China sales increased to 257,770 units in February from 215,070 a year earlier, the Detroit-based company said in a statement today. Sales of Wuling microvans, which account for about half of GM’s deliveries in the country, rose 32 percent and Cadillac sales surged 91 percent. GM, which lost its title as China’s largest foreign automaker to Volkswagen AG (VOW) in 2013, may increase sales 10 percent to about 3.5 million units in the country this year, GM China president Matthew Tsien said last month. The automaker plans to introduce 19 new or refreshed models in the nation in 2014, as it invests $11 billion through 2016 to boost its products and output capacity. Sales of GM’s Chevrolet brand slid 0.1 percent to 46,347 units. Of the 19 models to hit showrooms this year, six will be Chevrolets, Tsien said. Cadillac saw the biggest growth in deliveries. GM aims to boost Cadillac sales in China to more than 100,000 vehicles by the end of next year from 50,000 last year. The luxury brand’s sales rose 67 percent in China in 2013. Source :  http://www.bloomberg.com/news/2014-03-05/gm-s-china-sales-gain-20-in-february-on-demand-for-wuling-vans.html