GM Outsells Longtime Leader VW in China
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From Bloomberg News
General Motors Corp. ended Volkswagen’s 20-year run as the biggest overseas automaker in China, the world’s third-largest vehicle market, after releasing five new Chevrolet and Cadillac models this year.
Sales by GM and its three local ventures rose 19% in the first half to 308,722 vehicles, giving the Detroit carmaker a record 10.9% share of China’s market. Volkswagen said it sold 262,198 units in the same period.
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