GM expects China 2009 sales to grow 5-10 percent
SHANGHAI (Reuters) - General Motors (GM.N) expects its sales in China, which has overtaken the United States as the world's largest auto market, to grow 5 to 10 percent this year, GM China CEO Kevin Wale said on Monday.
The company's Asia-Pacific chief, Nick Reilly, added that the future success of the struggling company, which is working to complete a restructuring that could include a bankruptcy filing, depended on the Asia-Pacific region and that it was seeking opportunities in the countries of the Association of Southeast Asian Nations (ASEAN).
China has been one of the leading bright spots of the struggling global auto industry, posting year-on-year sales growth of more than 10 percent in March as government stimulus measures helped fuel a recovery in demand.
(Reporting by Michael Wei and Edmund Klamann; Editing by Jonathan Hopfner)
- Tweet this
- Share this
- Digg this