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Sales - China - GM sees 2006 sales growth outpacing market
And GM expects 20 percent-plus growth for 2005
BEIJING,China -Reuters -Nov 23, 2005: -- General Motors expects its .Chinese sales next year to beat industry unit sales growth of 10 to 15 percent. If achieved, the sales rise would extend GM's trend of rising market share in China, the world's third-largest vehicle market... GM posted record first-half sales in China and expects 20 percent-plus growth for 2005... China has proved a godsend for struggling GM, yielding a fifth of group net earnings in the third quarter of 2004... Overall Chinese car sales grew 15 percent in 2004 after almost doubling in 2003. Sales growth was hit by government-ordered credit tightening steps to cool a red-hot economy... Analysts expect sales this year to grow 10 to 15 percent and at a similar level next year...
posted by Unknown @ 2:07 PM
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