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GM China sales up 15.3% in September
by Staff Writers
Shanghai (AFP) Oct 10, 2011


US auto giant General Motors said Monday its sales in China jumped 15.3 percent in September from a year earlier to 240,244 units, despite government moves to phase out incentives for buyers.

In the first nine months of the year, GM and its joint ventures sold a record 1.89 million vehicles in the world's biggest auto market, up 6.6 percent year on year, the company said in a statement.

"GM has maintained our momentum in China, with all of our major brands setting new September sales marks," said GM China Group president Kevin Wale.

GM said its September sales -- the second-highest for a single month -- puts the auto maker on track to surpass two million units for the 10 months ending October and set a record for the entire year.

China has been phasing out incentives such as tax breaks for small engine vehicles, originally implemented to ward off the impact of the global financial crisis.

Total sales in China are expected to grow five percent in 2011, lower than an earlier forecast of 10-15 percent and less than the 32 percent increase last year, according to the China Association of Automobile Manufacturers.

For the January-August period, China's vehicle sales rose 3.3 percent to 11.98 million vehicles.

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Chinese automaker confirms Brazil factory plan
Sao Paulo (AFP) Oct 7, 2011
Chinese automaker JAC Motors said Friday it will invest $500 million to build a factory in Brazil's northeastern Bahia state, its first outside China. The factory, slated to open in 2014, will have the capacity to produce 100,000 units, Jianghuai Automobile Co. said in a statement. A total of 3,500 jobs are expected to be created. The investment will be made by the parent company in Chin ... read more


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