Thursday, November 4, 2010

GM Becomes First Global Automaker to Sell 2 Million Cars in China a Single Year

General Motors has set another sales record in China by selling its 2 millionth vehicle, thus making it the first global automaker to do so in a single year. However, it should be noted that this sales number was achieved by GM and its joint ventures in the country.

In 2007, the Detroit automaker and its partners sold 1,031,974 vehicles in China, rising to 1,826,424 vehicles last year.

"This is another important milestone for General Motors in China," said Kevin Wale, President and Managing Director of the GM China Group. "It was only three years ago that GM became the first global automaker to reach the 1 million annual sales mark in China."

Wale added, "Over the past decade, China's vehicle market has experienced unprecedented growth. GM has grown with it, working with our joint ventures to expand our lineup of vehicles and brands, adding to our portfolio of services, and increasing our production capacity to meet the changing needs of consumers nationwide."

According to GM, the company and its joint ventures have benefited from record monthly sales throughout the year. In October, the automaker and its partners sold 199,641 vehicles, marking a 19.6 percent annual increase and an all-time high for the month.

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