gm auto sales fall in first nine months of 2015
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

GM auto sales fall in first nine months of 2015

Arab Today, arab today

Arab Today, arab today GM auto sales fall in first nine months of 2015

Buick cars are seen at a General Motors dealership in Shanghai
New York - AFP

General Motors said Thursday that global sales fell in the first nine months of the year from a year ago, despite a North America boom.

GM, the largest US automaker, reported global sales declined 1.3 percent from January through September compared with the same period in 2014, and for the third quarter were down 3.1 percent.

North America, including the US, Canada and Mexico, accounted for the most vehicles sold since the beginning of the year, 2.69 million, a jump of 4.9 percent from a year ago. In the third quarter alone, sales leaped 5.2 percent.

Sales in China, which became GM's primary market in 2014, were sluggish: over the first nine months they rose only 1.6 percent, to 2.49 million vehicles. And sales were down 4.2 percent in the third quarter.

In Europe, where sales slid 6.3 percent through September, there was a slight 1.1 percent gain in the third quarter.

Brazil's economic woes weighed on GM's South America sales, which plummeted 24.4 percent in the first nine months and 30.8 percent in the third quarter.

"Our unwavering focus on the customer is paying off in our largest and most important markets as we execute one successful launch after another in the right segments," said Dan Ammann, GM president, in a statement.

"We have reacted quickly to challenging macroeconomic environments in other markets and have shown the discipline to exit situations where we see no long-term path to acceptable returns."

As expected, sales were lifted by sport-utility vehicles and pickup trucks, notably the Chevrolet brand.

Sales of the company's luxury Cadillac brand, one of its priorities in China, jumped 12 percent in the Asian giant to a "record" of nearly 57,000 units, GM said.

GM shares inched up 0.1 percent to $33.37 in late-morning trade on the New York Stock Exchange.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

gm auto sales fall in first nine months of 2015 gm auto sales fall in first nine months of 2015

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

gm auto sales fall in first nine months of 2015 gm auto sales fall in first nine months of 2015

 



GMT 20:38 2018 Sunday ,25 November

Omoush meets Chargé d'Affaires at the U.S. Embassy

GMT 03:16 2017 Saturday ,16 December

UNESCO thanks Kuwait for support with Syrian refugees

GMT 02:15 2017 Sunday ,10 September

Yemen records 500,000 cholera cases

GMT 21:27 2017 Wednesday ,10 May

2 Afghans killed, injured in rocket attack

GMT 06:10 2017 Sunday ,24 December

Shami returns to India's ODI squad
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday