GM Daewoo Auto & Technology said on Tuesday that sales fell 2.5% to 37,162 units in March from a year earlier while exports slipped 5.3% year on year to 23,260 units last month, Reuters reported.

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The car maker gave no reason for the decline in sales and exports, the news agency added.

Reuters noted that GM and partners acquired a majority stake in ailing Daewoo Motor last year and plan to produce around 400,000 cars this year, up around a third from 2002.