Filed under: Car Buying, Trends, China, Buick, GM, Earnings/Financials
General Motors boasted in April that it would
double sales in China by 2013 with the introduction of 30 new or upgraded models over the next five years.
Last month, GM forecasted that its vehicle sales in China would grow 10% this year alone and now it seems those numbers may have been a bit conservative. Kevin Wale, GM's China Group President, has just announced that the company expects vehicle sales in the region to grow by a little more than 20% in 2009.
While the rest of the global automotive industry is stuck in a rut, the emerging Chinese market seems largely unaffected by stagnant North American sales or
GM's bankruptcy filing in early June. As of now, China is the company's second largest market (thanks in part to their
insatiable appetite for Buicks).
[Source:
Automotive News - Sub. Req.]
GM expects sales in China to grow 20% in 2009 originally appeared on Autoblog on Fri, 10 Jul 2009 10:00:00 EST. Please see our terms for use of feeds.
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10-07-2009, 05:20 PM
