GM Sales Slump Deepens in China Even After Discounts
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General Motors Co. reported a second month of sales declines in China, its largest market, despite cutting prices on 40 models across its Buick, Chevrolet and Cadillac brands.
GM and its China joint ventures sold 252,567 vehicles in May, a drop of 4 percent from a year earlier, according to a statement on its website. The decline was mainly due to a changeover and phasing out of older models, the company said.