10.14GM sales in China to continue to grow in 2010-executive

GM sales in China to continue to grow in 2010-executive 

 

http://autonews.gasgoo.com/auto-news/1012530/GM-sales-in-China-to-continue-t
o-grow-in-2010-executive.html

 

Shanghai, October 14 (Gasgoo.com) General Motors Co's China president said
on Wednesday he expects GM sales in Chinese market to continue to grow next
year no matter whether the Chinese government will keep stimulus meaures. 

 

"We expect our sales to continue to grow, even a little faster than the
industry next year," Mr Kevin Wale told a group of reporters via an online
web briefing. 

 

Mr Wale said he is confident the (Chinese) government will take appropriate
actions next year to continue stability in the market. And natural demand
and growth in tier 2, 3 and 4 cities should also ensure some growth
momentum. 

 

GM's China vehicle sales in the first nine months of this year jumped 55.6
percent from a year earlier, hitting a record with 1,292,549 units being
sold. 

 

Asked in what way will GM support Tengzhong Heavy Industrial Machinery Co
after it bought Hummer unit, Mr Wale said GM's support will primarily come
be from previous Hummer marketing organisation in the US as well as in
continued product supply from the US. Other support needed from
manufacturing and other related functions are also possible.

 

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