Boom Time: GM reports 67% sales increase in China
by Chris Shunk (RSS feed) on Jan 5th, 2010 at 9:29AM
Needless to say, global auto sales were incredibly bad in 2009, with one extremely big exception. The Chinese market boomed thanks to an expanding economy and plenty of government subsidies to keep the country's fledgling auto industry running strong. Few automakers saw more success in the land of the Great Wall than General Motors, with the automaker and its Chinese partner registered 1.8 million sales – a 67 percent increase over 2008 levels. Sales have been so good that GM China's sales surpassed those in the US in nine of the first 11 months of the year. The General put an... Read More
