GM, Ford See Surge in China Sales

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General Motors (GM) saw sales in China rise 8.3% in 2011, and Ford (F) saw sales rise 7%. The U.S. companies were aggressive about rolling out new models in China, Bloomberg notes, and benefited from the slowdown in Japan due to supply shortages. Honda (HMC) actually saw its China sales drop, and Toyota (TM) saw sales growth fall to its lowest level since at least 2004.

GM sold 2.55 million vehicles, while Ford sold 519,390, Bloomberg reported.

Ford shares rose 1.2% in afternoon trading; GM shares rose 0.3%.



Original Article Source by Barrons.com