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Old 09-03-2009, 11:51 AM
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GM’s China sales skyrocket

GM’s China sales skyrocket

Posted Thursday, Sep 3, 2009, 1:37 pm in Employee News

General Motors Co. today reported that its sales in China through the first eight months of the year increased 49.6 percent, to 1.1 million cars and trucks, compared with the same year-ago period, the Detroit Free Press reported.

GM and its joint ventures benefited from record August sales, which increased 112.7 percent compared with the same month a year ago, and continued strong demand for Chevrolet and Buick models, the paper said.

“We are now looking at a market of 11.5 to 12 million vehicles, up from 9.1 million units last year,” Kevin Wale, president of GM China, said in a statement. “We expect GM sales for the year … to rise by more than 40 percent from 2008.” (Detroit Free Press)
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