Famous American car producer is increasing its sales in Chinese market. Increased popularity among expensive brands, such as Cadillac, led to increased May sales, which generated sales growth of 65%. High demand for General Motors cars in the key market in China helps to compensate overall decline in sales over the past months. The sales of the second most popular car brand Baojun, created to compete with the Chinese market, rose by 47%. Such high demand in General Motors products will positively affect company’s shares.
Since the end of May, General Motors rose by 6% and continue rising. The trade will be available during American session from 14:40 to 21:00 GMT.
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