GM to outpace China sales growth in 2010
General Motors hasn't seen positive growth in the United States market for some time now, but the Detroit automaker expects to outpace the overall market growth in China next year. GM has seen strong growth in China this year and expects that trend to continue into 2010.
GM has long established itself as a major player in the China market, and has no plans to take its foot off the accelerator in 2010. Following better than expected sales through the first three quarters of 2009 - which outpaced the overall market - GM expects an equally successful 2010.
"We expect sales to continue to grow next year," Kevin Wale, president and managing director for GM's China operations, told Reuters. "We are confident the government will take appropriate action to continue stability in the market."
"Next year we will again try to grow a little faster than the market's growth," he added.
Through September GM's China sales were up 55.6 percent, outpacing the overall market's growth of 34.2 percent.