Auto News: GM, Ford Tuesday, December 6, 3:15 PM ET
General Motors (NYSE:
GM) is reporting a 20.4% increase in sales in China in November.
Sales totaled 237,130 vehicles.
Sales for the first eleven months of the year are now up 8.2%.
General Motors shares are trading higher in the premarket Tuesday.
Rival Ford Motor Co. (NYSE:
F) reported a 7% dip in sales in China in November compared to November 2010.
The company said sales rose 7% for the first eleven months of the year.
The Wall Street Journal is reporting that Ford has begun a search for a replacement for CEO Alan Mulally, who is expected to leave the company within two years.
Ford shares were trading lower premarket.
Japanese rivals Toyota (NYSE:
TM) and Honda (NYSE: HMC) were not seeing much trading action prior to the market open.
For MarketNewsVideo.com, I'm Sayoko Murase.
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