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Chinese sales help return General Motors to profit

America's largest carmaker, General Motors, is selling more vehicles in China than in its home market for the first time in its 102-year history. GM's auto sales in China leapt by 48.5% to 1.21m in the first half of the year as demand benefited from economic growth and stimulus measures by the Chinese government. This outstripped 1.08m deliveries in the US for the Detroit-based manufacturer, which owns brands including Chevrolet, Cadillac, Buick, Opel and Vauxhall. Growth in emerging markets has returned GM to profitability after bankruptcy and government bail-out in 2009.

Source: The Guardian ↗

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