While Ford Struggles in China, General Motors Shines
General Motors (NYSE: GM) said that its sales in China rose 10.7% in October on strong demand for SUVs and big sales growth for two GM brands at opposite ends of the price spectrum.
Simply put, GM is seeing outstanding sales growth at both the low and high ends of China's new-vehicle market -- and not doing badly at points in between. In terms of sheer sales numbers, GM's biggest growth driver in China in October -- and in all of 2017 -- has been its Baojun brand.
The China-only Baojun brand was created to compete directly with lower-cost offerings from aggressive domestic Chinese automakers. It has succeeded wildly: Baojun sold 104,755 vehicles last month, up 56% from a year ago, on huge demand for its small 510 SUV.
Source: Fool.com
General Motors Corp Stock
€41.62
-0.380%
Currently there is a rather positive sentiment for General Motors Corp with 32 Buy predictions and 5 Sell predictions.
With a target price of 46 € there is a slightly positive potential of 10.54% for General Motors Corp compared to the current price of 41.62 €.
