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GM China Sales Down 25 Pct in First Quarter

General Motors Co. (GM) and its joint ventures in China sold 462,000 vehicles in China in the first quarter of this year, down 25 percent year on year, The Detroit News reported Thursday.

All GM brands registered sales decline in the first quarter. Buick brand sales went down 35 percent, Chevrolet brand down 34 percent, Cadillac 32 percent, Wuling 13 percent, and Baojun 87 percent.

The U.S. automaker attributed sales decline to tax cuts on auto sales and electric vehicle subsidies ending. Nevertheless, it plans to deliver more than 20 new and refreshed models in China this year, one third of which will be electric.

Earlier, GM reported a year-over-year 17.6-percent increase in its U.S. sales in the first quarter.