GM China deliveries up 6.3% in April as growth pace slows
General Motors, which sells more vehicles in China than anywhere else, reported deliveries there increased 6.3 percent last month, the slowest pace in 14 months.
China sales climbed to 278,263 units in April, the Detroit-based company said in a written statement. Deliveries of Buick cars rose 2.7 percent from a year earlier to 68,707 units.
GM is locked in a "horse race" with Volkswagen AG to be the best-selling foreign automaker in China. China's economic expansion slowed to a 7.4 percent pace in the three months ended March, down from 7.7 percent in the previous quarter.
The Detroit giant plans to invest $12 billion (74.7 billion yuan) through 2017 and introduce more than 60 new or refreshed models in China by the end of 2018, according to GM China's President Matt Tsien.
Of GM's other brands, Chevrolet deliveries gained 6.4 percent to 53,810 units.
The company unveiled the new version of the Cruze compact -- Chevrolet's top-selling model in China -- at the Beijing auto show last month. GM also rolled out the Chevrolet Trax SUV at the show, to tap a segment that saw sales increase 37 percent in the first quarter, according to the state-backed China Association of Automobile Manufacturers.
Cadillac sales climbed 49 percent to 6,091 units in April. The company intends to sell more than 100,000 units of its premium marque in China by the end of next year, after deliveries surged 67 percent to 50,005 units last year.
Sales at its Wuling joint venture rose 7.4 percent to 144,729 units.
General Motors is boosting its production capacity in China by 65 percent by 2020, Tsien said last month at the Beijing auto show.
GM is locked in a "horse race" with Volkswagen AG to be the best-selling foreign automaker in China. China's economic expansion slowed to a 7.4 percent pace in the three months ended March, down from 7.7 percent in the previous quarter.
The Detroit giant plans to invest $12 billion (74.7 billion yuan) through 2017 and introduce more than 60 new or refreshed models in China by the end of 2018, according to GM China's President Matt Tsien.
Of GM's other brands, Chevrolet deliveries gained 6.4 percent to 53,810 units.
The company unveiled the new version of the Cruze compact -- Chevrolet's top-selling model in China -- at the Beijing auto show last month. GM also rolled out the Chevrolet Trax SUV at the show, to tap a segment that saw sales increase 37 percent in the first quarter, according to the state-backed China Association of Automobile Manufacturers.
Cadillac sales climbed 49 percent to 6,091 units in April. The company intends to sell more than 100,000 units of its premium marque in China by the end of next year, after deliveries surged 67 percent to 50,005 units last year.
Sales at its Wuling joint venture rose 7.4 percent to 144,729 units.
General Motors is boosting its production capacity in China by 65 percent by 2020, Tsien said last month at the Beijing auto show.
