
US auto giant General Motors said its sales in China surged more than 20 percent in November from a year earlier to 237,130 vehicles, a company record for the month. Sales were supported by strong demand for passenger cars, including the Buick brand, the company said in a statement. China, which overtook the United States to become the world's top auto market in 2009, has become increasingly important for global players such as General Motors and Volkswagen. In the first 11 months of this year, GM sold around 2.35 million vehicles in China, up more than 8.0 percent from the same period last year. The rises in November and the 11-month period came despite a forecast slowdown for China's overall auto market this year from 2010. In September, GM China Group president Kevin Wale forecast China's total auto sales will reach 19 million units this year, marking growth of around five percent from the record 18.06 million units sold last year. Industry group the China Association of Automobile Manufacturers also expects growth in car sales for the whole of 2011 to be just five percent, down from an earlier forecast of 10-15 percent. Sales have lost some steam after Beijing phased out incentives such as tax breaks for small-engine vehicles.
GMT 22:53 2018 Thursday ,13 December
Indian Minister of Trade meets with UAE Ambassador, Chairman of Emaar PropertiesGMT 13:41 2018 Thursday ,06 December
Tyre maker Continental opens lab to extract rubber from dandelionsGMT 15:23 2018 Friday ,30 November
Paper industry around famous Chinese lake to be shut down by 2019GMT 11:13 2018 Sunday ,18 November
Electricx 2018 kicks off with participation of over 20 countriesGMT 16:34 2018 Tuesday ,13 November
Amazon announces new headquarters in New York and WashingtonGMT 16:51 2018 Monday ,12 November
Egypt's exports to Nile basin countries reached EGP 19.9 bln in 2017: CAPMASGMT 08:11 2018 Friday ,09 November
Kaspersky Lab CEO suggests replacing cybersecurity with 'cyber-immunity'GMT 14:00 2018 Thursday ,08 November
Namibian enterprise endeavours to seize opportunities at China import expoMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor