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GM says 2014 China auto sales up 12 percent year-on-year

 

(Reuters) - General Motors Co (GM.N) and its Chinese joint ventures sold a record 3,539,970 vehicles in China in 2014, up 12 percent from the previous year, the U.S. automaker said on Tuesday.

 

For the month of December, GM sold 357,375 vehicles, a rise of 31.9 percent from a year earlier.

 

The monthly gain followed a 5.3 percent year-on-year rise in November and a 3.2 percent rise in October.

 

GM has said it plans to invest $12 billion in China between 2014 and 2017 and build five more plants to ramp up its manufacturing capacity.

 

GM makes vehicles in China in partnership with China FAW Group Corp [SASACJ.UL] and SAIC Motor Corp Ltd (600104.SS).

 

 

 
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