GM Poised to Gain in China as Local Rivals Consolidate: Cars

General Motors Co., which has sold more vehicles than any other automaker so far this year, may be poised for market share gains in China as a host of smaller, local players struggle to survive.

With auto sales in China rising at the slowest pace in 13 years, pressure is building for smaller Chinese producers to exit the industry, presenting an opportunity for foreign carmakers such as GM and Toyota Motor Corp. to extend gains in China, according to Guotai Junan Securities Co.