GM sales lead to record of 2.5M in China


After the automotive industry crisis of 2008-2010, General Motors and its joint ventures are on the rise after selling over 2.5 million vehicles in China in the end of 2011. This was an 8.3 percent rise from 2010. In a statement made today, president and managing director Kevin Wale of the GM China Group said, “GM stayed ahead of the competition despite a slowdown in the growth of industry demand thanks to our broad portfolio of appealing vehicles.”

For the seventh consecutive year in a row, General Motors was the sales leader in China and the world’s largest car market. After a 50 billion dollar bailout from the Obama administration, the company’s annual car sales are back up and continuously climbing. Wale says, “This year will be equally promising for GM in China…GM is well positioned to capitalize on the growth opportunities.”


About Author


Comments are closed.

Social Widgets powered by