GM expects sales in China to grow 20% in 2009
 

<p>Filed under: <a href="http://www.autoblog.com/category/carbuying/" rel="tag">Car Buying</a>, <a href="http://www.autoblog.com/category/trends/" rel="tag">Trends</a>, <a href="http://www.autoblog.com/category/china/" rel="tag">China</a>, <a href="http://www.autoblog.com/category/buick/" rel="tag">Buick</a>, <a href="http://www.autoblog.com/category/gm/" rel="tag">GM</a>, <a href="http://www.autoblog.com/category/earnings-financials/" rel="tag">Earnings/Financials</a></p><a href="http://www.autonews.com/article/20090708/ANA05/307089961/1131"><img vspace="4" hspace="4" border="1" align="right" alt="" src="http://www.blogcdn.com/www.autoblog.com/media/2009/07/gm_logo_opt.jpg" /></a>General Motors boasted in April that it would <a href="http://www.autoblog.com/2009/04/13/gm-reportedly-looking-to-double-sales-in-china-by-2013/">double sales in China by 2013</a> with the introduction of 30 new or upgraded models over the next five years. <br /><br />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.<br /><br />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 <a href="http://www.autoblog.com/2009/06/01/officially-official-gm-files-for-chapter-11-bankruptcy/">GM's bankruptcy filing</a> in early June. As of now, China is the company's second largest market (thanks in part to their <a href="http://www.autoblog.com/2009/06/22/gm-hits-two-million-buick-sales-in-china/">insatiable appetite for Buicks</a>).<br /><br />[Source: <a href="http://www.autonews.com/article/20090708/ANA05/307089961/1131">Automotive News</a> - Sub. Req.]<p style="padding:5px;backgr ound:#ddd;border:1px solid #ccc;clear:both;"><a href="http://www.autoblog.com/2009/07/10/gm-expects-sales-in-china-to-grow-20-in-2009/">GM expects sales in China to grow 20% in 2009</a> originally appeared on <a href="http://www.autoblog.com">Autoblo g</a> on Fri, 10 Jul 2009 10:00:00 EST. Please see our <a href="http://www.weblogsinc.com/feed-terms/">terms for use of feeds</a>.</p><h6 style="clear: both; padding: 8px 0 0 0; height: 2px; font-size: 1px; border: 0; margin: 0; padding: 0;"></h6><a href="http://www.autoblog.com/2009/07/10/gm-expects-sales-in-china-to-grow-20-in-2009/" rel="bookmark" title="Permanent link to this entry">Permalink</a>&nbsp;|&nbsp;<a href="http://www.autoblog.com/forward/19091426/" title="Send this entry to a friend via email">Email this</a>&nbsp;|&nbsp;<a href="http://www.autoblog.com/2009/07/10/gm-expects-sales-in-china-to-grow-20-in-2009/#comments" title="View reader comments on this entry">Comments</a>

أكثر...