General Motors' Stock Gains As Vehicle Sales Rise
General Motors Co. said it sold 2.4 million vehicles globally during the first quarter, up 2% from the same period a year ago, as growth in China, the U.S. and Western Europe offset weakness in Russia and Brazil. The automaker said sales in China increased 9%, while North America deliveries rose 6%. Opel/Vauxhall sales grew 3% in Europe. Among specific models, Cadillac sales rose 2.5%, boosted by a 23% jump in China, Buick increased 8% and GMC climbed 15%. Chevrolet deliveries in the U.S. rose 5%, as crossover and truck deliveries jumped 19% and 31%, respectively. The stock tacked on 0.8% in premarket trade. It has run up 9.5% in the past three months, while the S&P 500 has gained 3.4%.
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