GM says Jan China auto sales up 22.3 pct
A labourer is reflected in the glass of a Shanghai General Motors exhibition hall in Shanghai May 28, 2009. GM is facing imminent bankruptcy in the United States after bondholders rejected a debt-for-equity swap, a key part of the restructuring plan it needs to complete before a June 1 deadline imposed by the administration of President Barack Obama. Its China division, primarily two ventures with SAIC Motor, is profitable and self-sufficient, and able to fund its own daily operations and expansion, executives say. REUTERS

General Motors Co said on Wednesday it had sold 22.3 percent more vehicles in China in January than a year earlier.

GM, which operates auto ventures with SAIC Motor Corp and FAW Group in China, sold a monthly record of 268,071 vehicles in its largest market last month, it said in a statement.

As of the end of January, GM had a 14.7 percent market share in China.

Its previous monthly record was set in March 2010, when it moved 230,038 vehicles.

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