GM’s China vehicle sales in 2009 rose 66.9 percent

Article by Christian Andrei, on August 26, 2010

General Motors Co.'s sales in China rose 66.9% in 2009 compared to the prior year, according to a company statement. It is believed that Beijing's policy initiatives encouraged consumers to rush to showrooms.

Last year, GM sold 1.83 million vehicles in the country and expanded its market share to an estimated 13.4%, up from 12.1% at the end of 2008.

Shanghai GM, its flagship car venture with SAIC Motor Corp, was able to sell 727,620 cars in 2009, a 63.3% increase from a year earlier.

The sales of SAIC-GM-Wuling, GM's commercial vehicle tie-up with SAIC and Liuzhou Wuling Automobile, rose by 63.9% last year with 1.06 million cars sold.

In addition, a tie-up with FAW Group set up in August (FAW-GM Light Duty Commercial Vehicle Co.) sold 34,510 light trucks and vans up to the year-end. Kevin Wale, president and managing director for GM's China operations, expressed his pride in the company's performance in 2009.

He stated that Chinese consumers responded well to its "line-up of modern, fuel-efficient and stylish products." GM launched several new models in China in 2009.

This list includes the new Buick LaCrosse and new Regal that were popular among the business elite. It plans to roll out 30 new or revamped models in China from 2009 to 2014.

Topics: gm, china, sales

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