General Motors and its joint venture partners enjoy a sales surge in China during the month of September.

General Motors and its joint ventures delivered a September record 343,773 vehicles in China, which was up 16 percent year over year. Cadillac set an all-time record for monthly deliveries, while Buick and Baojun reached new highs for September.

“The growth in demand last month was supported by improving product mix,” said GM Executive Vice President and GM China President Matt Tsien. “We saw strong sales momentum across our brands, especially Cadillac in the luxury segment.”

Cadillac deliveries in September advanced 63 percent year over year to 12,539 units. It was the third consecutive month that growth topped 50 percent. Sales of the XT5 luxury crossover exceeded 4,000 units. Demand for the ATS-L and XTS luxury sedans increased over 30 percent from the same month a year earlier.

Buick deliveries in September were up 23 percent on an annual basis to 108,325 units, led by strong demand for the Excelle GT – which averaged monthly deliveries of nearly 30,000 units in the first nine months. The Envision SUV maintained its momentum as well, with deliveries increasing 70 percent to 18,518 units from the previous September. Deliveries of the Verano family surpassed 15,000 units.

Chevrolet deliveries grew 2.6 percent to 51,932 units from the previous September. It was the second consecutive month of sales growth. The brand was spearheaded by the Cruze family, whose demand was over 23,000 units. Chevrolet is expanding its portfolio in China. The brand introduced the sixth generation of its iconic Camaro muscle car in September and will debut the 2018 Equinox SUV next month in China.

Baojun deliveries in September totaled 62,719 units, a gain of 33 percent year over year. Demand for the Baojun 730 MPV was up 45 percent from the previous September. Baojun launched the 310 hatchback early last month, achieving deliveries of more than 5,000 units.

Wuling deliveries grew for the fourth straight month. Demand rose 6 percent year over year to 108,225 units, mainly driven by the strong performance of the Hong Guang family.

In the first nine months of 2016, retail sales by GM and its joint ventures in China increased 9 percent on an annual basis to a record 2,718,315 units.

GM announces 2nd quarter results

• EPS of $0.75 including net loss from special items of $0.09 per share
• EBIT-adjusted of $2.3 billion

In the second quarter of 2012, GM's net income attributable to common stockholders was $1.5 billion, or $0.90 per fully diluted share.

Net income for the second quarter of 2013 included an increase in tax expense of $0.5 billion, or $0.29 per fully diluted share, compared to the second quarter of 2012.

Net revenue in the second quarter of 2013 was $39.1 billion, compared to $37.6 billion in the second quarter of 2012. Earnings before interest and tax (EBIT) adjusted was $2.3 billion, compared to $2.1 billion in the second quarter of 2012.

"We continue to perform well in the world's two most important markets, the U.S. and China," said Dan Akerson, GM chairman and CEO. "We also made further progress in our European business and saw the steady performance of our global brands Chevrolet and Cadillac. For the rest of the year, we'll focus on winning customers with high-quality vehicles at a compelling value."

GM Results Overview (in billions except for per share amounts)

Cash Flow and Liquidity
For the quarter, automotive cash flow from operating activities was $4.5 billion and automotive free cash flow adjusted was $2.6 billion. GM ended the quarter with very strong total automotive liquidity of $34.8 billion. Automotive cash and marketable securities was $24.2 billion compared with $24.3 billion for the first quarter of 2013.

"Our results in this quarter were clearly pegged to winning vehicles like the Cadillac ATS, Chevrolet Impala and Opel Mokka," said Dan Ammann, GM executive vice president and CFO. "We will continue to address our business challenges head-on, execute flawless launches of our future products and most importantly, satisfy our customers."

General Motors Co. (NYSE:GM, TSX: GMM) and its partners produce vehicles in 30 countries, and the company has leadership positions in the world's largest and fastest-growing automotive markets. GM, its subsidiaries and joint venture entities sell vehicles under the Chevrolet, Cadillac, Baojun, Buick, GMC, Holden, Isuzu, Jiefang, Opel, Vauxhall and Wuling brands.