GM's (GM +1.5%) China operation sold 1.27M vehicles between January and June, +5.3% Y/Y, but...

|By:, SA News Editor

GM's (GM +1.5%) China operation sold 1.27M vehicles between January and June, +5.3% Y/Y, but U.S. troubles still lurk, with truck inventories swelling to 122 days' worth of average sales, vs. 79 days for Ford's (F) similar trucks. “It’s unbelievable that after this huge taxpayer bailout and the bankruptcy that we’re right back to where we were” with GM's "old, bad habits," a Jefferies analyst says.