China sales lift GM's gloom
Asia Times SHANGHAI Jan 9, 2007-
US automobile giant General Motors Corp announced on Monday that it set new records for sales and market share in mainland China in 2006. Buoyed by record demand for all six brands offered by GM and its joint ventures, the auto maker and its Chinese operations sold 876,747 vehicles in China, about 208,000 more than in 2005. This represented growth of 31.8% from 2005 and was ahead of estimated industry growth of about 24%. This enabled GM to increase its market share in mainland China to an estimated 11.8%. SAIC-GM-Wuling led the way, with sales of its family of mini-vehicles rising 36.5% on an annual basis to 460,155 vehicles. Sales of products from Shanghai GM rose 26.8% on a year-on-year basis to 412,791 units.
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Asia Times SHANGHAI Jan 9, 2007-
US automobile giant General Motors Corp announced on Monday that it set new records for sales and market share in mainland China in 2006. Buoyed by record demand for all six brands offered by GM and its joint ventures, the auto maker and its Chinese operations sold 876,747 vehicles in China, about 208,000 more than in 2005. This represented growth of 31.8% from 2005 and was ahead of estimated industry growth of about 24%. This enabled GM to increase its market share in mainland China to an estimated 11.8%. SAIC-GM-Wuling led the way, with sales of its family of mini-vehicles rising 36.5% on an annual basis to 460,155 vehicles. Sales of products from Shanghai GM rose 26.8% on a year-on-year basis to 412,791 units.
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posted by Auto Report World Editors at 3:20 AM 
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