GM, Ford report strong China sales in December

(AP)? BEIJING ? General Motors and Ford are reporting strong December sales in China but say full-year growth was down from previous double-digit levels.

GM said Monday that sales of GM-branded vehicles by the company and its Chinese partners rose 9.8 percent in December over a year earlier to a new high for that month. It said sales for the full year rose 8.3 percent to a new record of 2.5 million vehicles.

Ford said December sales rose 10 percent over a year earlier, helping to push up sales for the year by 7 percent to 519,390 vehicles.

Automakers are looking to China's relatively robust market to drive sales amid weak growth elsewhere. China overtook the United States as the biggest market by vehicles sold in 2009.

Car sales in China rose more than 30 percent in 2010 after the government cut sales taxes and offered subsidies to spur demand but growth slowed after those incentives ended.

Source: http://feeds.cbsnews.com/~r/cbsnews/feed/~3/kJNF4aTHKYQ/

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