<a class=GM China logo" src="http://www.weblogsinc.com/common/images/3060000000055309.JPG?0.7527654649417076" align="right" border="1" height="40" hspace="4" vspace="4" width="134" />

Kevin Wale, GM's top exec in China, announced today that he expects GM to keep growing market share in China next year.

Industry-wide unit sales in the Chinese market should grow by 10-15 percent this year, and a similar amount in 2006. Meanwhile, GM expects growth of more than 20 percent in 2005, and growth comfortably above the industry average in 2006.

GM market share in the first three quarters of 2005 jumped to 11 percent, compared to 9.3 percent in 2004. GM is steadily gaining on current market leader Volkswagen.

The Chinese market generated about 20 percent of GM's net earnings in the third quarter of 2004, and that strong result should be repeated this year.

[Reuters]


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