SHANGHAI, April 9 General Motors Corp (GM.N)
plans to double its vehicle sales in China to more than 2 million
units by 2013, the Shanghai Securities News said on Thursday
citing company executives.
The Detriot automaker plans to add more than 30 new or
upgraded models in China in the next five years, Sophia Luan,
GM's spokeswoman in China, was quoted as saying.
GM officials could not be immediately reached for comment.
GM, hit by a steeper-than-expected downturn especially in
North America, faces the threat of bankruptcy if it cannot
complete a reorganisation by a U.S. government-imposed June 1
But in China, its second-largest market, sales in March rose
24.6 percent from a year earlier to 137,004 vehicles, setting a
company record for monthly sales as China's stimulus policies
bolstered the market.
In the first three months, sales rose 16.8 percent to 363,701
units, the paper said.
Volkswagen AG (VOWG.DE), GM's arch rival in China, said in
February it planned to double its vehicle sales in mainland
China, Hong Kong and Macau to 2 million units by 2018.
China's overall auto market, the world's largest, has
received a strong boost in recent months from government policy
support measures, including tax incentives and subsidies.
A senior government planning official said figures from
China's big auto groups indicated the country's overall vehicle
sales may have hit a monthly record in March, the paper reported
on Wednesday. [ID:nSHA54358]
Official March auto sales data will be announced later on
(Reporting by Fang Yan, Editing by Jacqueline Wong)