Cadillacs Shine for General Motors in China While Ford's Sales Stall
General Motors (NYSE: GM) said that its sales in China rose 6.3% from a year ago, a good result in a month in which some key rivals lost ground year over year. For GM shareholders, it's especially good news: GM's sales gains in China are being driven by strong demand for some of its most profitable products.
Chinese demand for Cadillac's XT5 crossover SUV continued to be strong in July. Image source: General Motors.
GM's luxury Cadillac brand has turned into a key driver of sales growth in China. The brand sold 12,006 vehicles in China last month, an increase of 37% from a year ago. (For comparison, GM sold 11,227 Cadillacs in the U.S. last month.)
Source: Fool.com
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