General Motors doubles its sales in China

Article by Christian Andrei, on August 26, 2010

China's auto market has been a major bright spot to General Motors this year. In fact, GM sold 166,911 vehicles in China last month, according to a statement from the carmaker.

For the first 10 months of 2009, GM and its joint ventures have sold 1.46 million units and as of Nov. 9, had exceeded 1.5 million units.

The Chinese market has felt the effects of the raft of government incentives, including aggressive cuts in sales taxes on small cars, which will expire by the end of the year.

Kevin Wale, president and managing director for GM's China operations, recently said that the US automaker aims to grow faster than the overall market next year as Beijing is expected to come up with further steps to support the industry.

Shanghai GM, its flagship car venture with SAIC Motor Corp., sold 68,505 vehicles in October, representing a 109.7% increase from a year earlier, with sales in the first 10 months up 46.5% to 548,707 units.

Meanwhile, Honda's Japan operations are predicted to stay in red even as demand has been brisk and has been pushed by generous tax reductions and incentives on hybrids such as its new Insight model. [via autonews]

Topics: gm, china, sales

If you liked the article, share on:

Comments

Login or Create new account to add a comment!

Recommended

The highlight of this year’s Consumer Electronics Show may be based on some of these keywords---connectivity, integration and partnership. Just like in the previous year, you’ve probably heard and read...
by - January 16, 2017
Less than three weeks to go and the Super Bowl LI – one of the most awaited and most watched sports events in television – will commence on February 5,...
by - January 16, 2017
New Tesla vehicles will have to pay when charging at any of the carmaker’s Supercharger stations once they exceed their annual limits. This comes as Tesla Motors announced revisions in...
by - January 16, 2017
Off-road driving with an open air vehicle provides another kind of experience for many off-road enthusiasts and fans. For this sake, Ford is planning to offer a version of the...
by - January 16, 2017
For those who love driving, future autonomous cars should be like the Toyota Concept-i that is drawing in a multitude of visitors at the 2017 Consumer Electronics Show in Las...
by - January 15, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries