Why General Motors Is Beating Ford in China
General Motors (NYSE: GM) said that its sales in China increased 12.5% in November from a year ago, on a huge year-over-year jump in sales of SUVs driven by strong local demand for several all-new GM models.
Year to date, GM's sales in China are up 3.3% through November, outpacing the 1.9% increase for the overall passenger-car market in China over the same period.
GM is fighting back against cheap SUVs from domestic Chinese automakers with the little Baojun 510, which has been selling in huge numbers. Image source: General Motors.
Source: Fool.com
General Motors Corp Stock
€40.63
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Currently there is a rather positive sentiment for General Motors Corp with 37 Buy predictions and 7 Sell predictions.
With a target price of 48 € there is a slightly positive potential of 18.14% for General Motors Corp compared to the current price of 40.63 €.
