General Motors' China Sales Fell 5.3% in Second Quarter
July 03 2020 - 3:51AM
Dow Jones News
By Martin Mou
General Motors Co. said Friday that its sales in China fell 5.3%
to 713,600 units in the second quarter.
The fall in the second quarter compares with a 43% slump in the
first quarter, when the Covid-19 pandemic was at its peak in the
world's largest car market.
In the second quarter, General Motors is likely to have
underperformed the broad Chinese car market, which has been on a
steady recovery since April.
China's overall vehicle sales rose 4.4% in April and 14.5% in
May, according to the China Association of Automobile
Manufacturers. The government-backed industry body has projected an
11% on-year growth for June.
Write to Martin Mou at martin.mou@wsj.com
(END) Dow Jones Newswires
July 03, 2020 03:36 ET (07:36 GMT)
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