GM, Ford post double-digit gains in China
General Motors and Ford Motor Co. both reported double-digit sales gains in China for February -- GM jumped 20 percent and Ford rose 67 percent from a year earlier period.
GM reported sales of 257,770 vehicles between it and its Chinese ventures in February -- continuing an upward sales trend with a 12 percent sales increase in January and an 11.8 percent rise in December.
Ford said today it sold 73,040 vehicles in China during February, a 67 percent increase year over year and improving on a 53 percent sales rise in January and a 35 percent jump in December.
In partnership with FAW Group and SAIC Motor Corp., GM has sold 605,831 vehicles since the beginning of the year.
Ford, partnering with Chongqing Changan Automobile Co. and Jiangling Motors Corp. has sold 167,506 vehicles in China since January.
Separately, The Wall Street Journal said Ford is expanding its r&d operations in China by increasing workers by 50 percent to about 2,000 people by 2018.
Ford is planning to invest $100 million to hire the additional workers, construct a new building and build a test track at its Research and Engineering Center in Nanjing, 637 miles south of Beijing, according to the Journal report.
Reuters contributed to this report