GM sales in China jump 24.6%

The ailing U.S. automaker sold 137,004 vehicles in March as China’s stimulus package supported demand.

SHANGHAI (Reuters) — General Motors Corp said on Wednesday its China sales in March rose 24.6% from a year earlier to 137,004 vehicles, setting a company record for monthly sales as China’s stimulus policies bolstered the market.

GM (GM, Fortune 500), which faces the threat of bankruptcy if it cannot complete a reorganization by a U.S. government-imposed June 1 deadline, also attributed the strong sales growth in China, its second-largest market, to new product offerings.

“Our strong performance in March demonstrates the early success of GM’s new product offensive in China,” Kevin Wale, president of the GM China Group, said in a statement.

China’s overall auto market, the world’s largest, has received a strong boost in recent months from government policy support measures.

CNN