GM Cuts Prices in China

Cooling sales have prompted General Motors Co. to lower prices on 40 models it produces in China with partner SAIC Motor Corp., Bloomberg News reports.

GM-SAIC's Web site says the reductions are as much as 53,900 yuan ($8,700) for select Cadillac, Chevrolet and Buick models.

GM reported last week that its deliveries in China slipped by about 1,000 vehicles in April. Demand fell 6% for Chevrolet and 9% for Buick. Cadillac sales gained 5%.