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Autos

GM's China sales top US total for the first time

General Motors (GM.NYSE, GMM.U.TSX) sold more vehicles in China than in the US in 2010, the first time a foreign market has overtaken the automaker’s domestic sales in its 102-year history, state media reported. GM’s sales in China rose 28.8% to 2,351,610 vehicles in 2010, while US sales increased just 6.3% to 2,215,227 units. Overall, GM’s global sales were up 12.2% to 8,389,769 vehicles last year. The US automaker recently announced plans to export about 900 million vehicles and components to China over the next two years. China surpassed the US as the largest automobile market in the world in 2009.

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