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GM Sets a New Sales Record -- in China

General Motors (NYSE: GM  ) has had more than its share of troubles in recent years, but China has turned into a big success story for the old Detroit giant. GM leads China's auto market, and brands like Buick and Chevrolet have turned out to be quite popular with Chinese buyers.

How popular? GM's China sales in the first half of 2013 set a new record -- even as GM is pushing to regain traction here in the U.S. In this video, contributor John Rosevear looks at GM's big China push -- and at what's working for the General in the Middle Kingdom.

GM is the best-selling global automaker in China -- but it might not be the best investment. A recent Motley Fool report, "2 Automakers to Buy for a Surging Chinese Market", names two other global giants poised to reap huge gains as China's auto boom continues. You can read this report right now for free -- just click here for instant access.

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  • Report this Comment On July 11, 2013, at 9:35 PM, wakeuptothis wrote:

    That because GM sold out to China. Gave away technology for $$. U.S. bails out GM. Now 70% of all GM vehicles are sold in China. GM has 11 plants and 11 joint ventures in China...all with entities owned by the government of China...all disclosed by the current CEO of GM in a speech given in China...hear him in his own words on the YouTube video link below . . .

    h t t p:// w w tube . com / watch_popup?v=Lvl5Gan69Wo

  • Report this Comment On July 12, 2013, at 6:28 PM, mzllrc wrote:

    His GM is bias is showing and he never mentions that most of GM's sales in China are from Wuhling and small Chinese commercial van that sells for about $8,000 US dollars. Not a big revenue generator.

    Compare this to VW who sells more product in China than GM and most of those sales are Audi's. Expensive premium brands that generate lot's of profit and revenue.

    Profit and revenue between the two companies is not even close.

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