Arab Today, arab today gm posts record china sales in 2011
Last Updated : GMT 07:16:26
Arab Today, arab today
Arab Today, arab today

GM posts record China sales in 2011

Arab Today, arab today

Arab Today, arab today GM posts record China sales in 2011

Shanghai - AFP

US auto giant General Motors said Monday its sales in China hit a record high in 2011, despite a broader slowdown in the world\'s largest vehicle market. GM and its joint ventures in China sold around 2.55 million units last year, up more than 8.0 percent from the previous record of 2.35 million in 2010, the company said in a statement. \"GM stayed ahead of the competition despite a slowdown in the growth of industry demand,\" Kevin Wale, president of GM China Group, said in the statement. In December alone, GM\'s sales in China rose 9.8 percent annually to 196,797 units. China, which overtook the United States to become the world\'s top auto market in 2009, has become increasingly important for global players. Another major US auto maker, Ford Motor Co, also said Monday that its sales in China broke the half-million mark in 2011. Ford\'s sales rose seven percent annually to 519,390 units, including both passenger cars and commercial vehicles, it said in a statement. The China Association of Automobile Manufacturers, which tracks auto sales and production in the country, has yet to release figures for all of 2011. However, association officials have forecast that annual growth for the whole of 2011 will be just five percent, down from an earlier forecast of 10-15 percent. Sales soared more than 32 percent in 2010 but have since lost some steam amid a slowdown in economic growth and after China phased out incentives, including tax breaks for small-engine vehicles. China has moved to protect its domestic auto industry in recent weeks, slapping import tariffs on some US passenger cars and sports utility vehicles, and saying it would \"withdraw support\" for foreign investment in the sector. But the lure of the massive market remains. Germany\'s Volkswagen Group said last week that it would build a new plant in the eastern city of Ningbo capable of producing 300,000 vehicles annually once the facility is completed by 2014.  

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today gm posts record china sales in 2011 Arab Today, arab today gm posts record china sales in 2011

 



Arab Today, arab today
Arab Today, arab today Hats, scarves add beauty to women

GMT 19:10 2017 Friday ,17 February

Hats, scarves add beauty to women
Arab Today, arab today Tourist guide reveals methods of tourist attractions

GMT 17:46 2017 Saturday ,18 February

Tourist guide reveals methods of tourist attractions
Arab Today, arab today To release new antiques collection

GMT 20:33 2017 Friday ,17 February

To release new antiques collection
Arab Today, arab today Leader Omar Abdel Rahman dies in US prison

GMT 19:00 2017 Sunday ,19 February

Leader Omar Abdel Rahman dies in US prison
Arab Today, arab today Murder of 2 reporters in Dominican Republic

GMT 22:45 2017 Thursday ,16 February

Murder of 2 reporters in Dominican Republic

GMT 21:20 2017 Tuesday ,14 February

Tesla brings electric cars to supercar-loving UAE

GMT 05:55 2017 Monday ,13 February

Careem scheme aims to help refugees

GMT 05:51 2017 Monday ,13 February

Al Fahim Group unit revelas strong growth

GMT 12:46 2017 Friday ,10 February

Dubai Taxi achieves big cut in accident rate

GMT 12:43 2017 Friday ,10 February

Careem 'Ride Now' available in Abu Dhabi again
View News in Arabic - Auto: أخبار السيارات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Kidogo provides childcare for underserved

GMT 20:24 2017 Wednesday ,15 February

Kidogo provides childcare for underserved
Arab Today, arab today Tragic fluctuations of Bakhtiari's life revealed

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed
Arab Today, arab today London to tax old cars

GMT 14:06 2017 Friday ,17 February

London to tax old cars
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Porsche reveals new 2018 Panamera

GMT 17:31 2017 Wednesday ,15 February

Porsche reveals new 2018 Panamera
Arab Today, arab today Egypt to hold first session of Arab film festival

GMT 21:11 2017 Saturday ,18 February

Egypt to hold first session of Arab film festival
Arab Today, arab today Teach monkeys to recognize themselves in mirror

GMT 20:41 2017 Wednesday ,15 February

Teach monkeys to recognize themselves in mirror

GMT 07:30 2017 Saturday ,18 February

Actress Nadeen Al Rassi views art as her entity

GMT 06:40 2017 Friday ,10 February

MP calls for removing text from Islamic story

GMT 13:16 2017 Tuesday ,14 February

First fashion model with Down syndrome

GMT 10:26 2017 Tuesday ,14 February

Emergency UN meeting in Harare

GMT 14:04 2017 Tuesday ,14 February

"Lagom" new Swedish concept in interior design

GMT 12:07 2017 Thursday ,16 February

Bite-mimicking malaria vaccine

GMT 09:03 2017 Thursday ,16 February

Tour guide praises women’s beaches

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 21:42 2017 Sunday ,12 February

Rania al-Ghazali designs candles of bubbles
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday