China Automobile Dealers Association deputy secretary general Luo Lei offered a cautionary remark about the auto industry in the world's most populous nation.
"Carmakers have high market expectations," Lei said, according to the New York Times. "But the reality is: supply exceeds demand."
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Just 30% of dealers were profitable in China this year, according to China's largest group of auto dealers, compared to 70% in 2010.
GM rose Tuesday after Edmunds.com and Kelley Blue Book issued expectations for GM for year-over-year sales growth in December by 13.9% and 6.9%, respectively.
Separately, 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, largely solid financial position with reasonable debt levels by most measures and growth in earnings per share. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself."