Expects GM" SALES China in To 20%in2009
GM expects sales in China to grow 20% in 2009
by Michael Harley (RSS feed) on Jul 10th 2009 at 10:00AM
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.]
Filed under: Car Buying, Trends, China, Buick, GM, Earnings/Financials
Tags: 20 percent, 20Percent, China, Chinese, GM, increase, Kevin Wale, KevinWale, Rise, Sales, vehicles, Wale
by Michael Harley (RSS feed) on Jul 10th 2009 at 10:00AM
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.]
Filed under: Car Buying, Trends, China, Buick, GM, Earnings/Financials
Tags: 20 percent, 20Percent, China, Chinese, GM, increase, Kevin Wale, KevinWale, Rise, Sales, vehicles, Wale
0 Response to "Expects GM" SALES China in To 20%in2009"
Post a Comment