Why GM (GM) Is Gaining Today

NEW YORK (TheStreet) -- GM (GM) was gaining 2.2% to $37.74 Wednesday following news that sales in China grew 20% from the year-ago period in February.

The sales increase was helped by a 32% increase in sales of GM's Wuling microvans.

Cadillac sales surged 91% to a record 4,378 vehicles in China in February as well. The automaker hopes to increase Cadillac sales in China to more than 100,000 by the end of next year. GM sold 50,000 Cadillac vehicles in China in 2013.

China is GM's single largest market, and it plans to introduce 19 new or refreshed vehicles in the country in 2014.

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TheStreet Ratings team rates GENERAL MOTORS CO as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:

"We rate GENERAL MOTORS CO (GM) a BUY. This is driven by several positive factors, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures, solid stock price performance and growth in earnings per share. We feel these strengths outweigh the fact that the company has had sub par growth in net income."

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