18 Apr '11, 1pm

GM aims to double China car sales to 5 million: SHANGHAI - GENERAL Motors Co said on Monday it plans to double t...

GM aims to double China car sales to 5 million: SHANGHAI - GENERAL Motors Co said on Monday it plans to double t...

Global automakers are focusing their efforts on China's auto market, which is the world's biggest. Some 13.7 million passenger vehicles were sold in the country last year, when sales grew by a third over 2009. -- PHOTO: AFP SHANGHAI - GENERAL Motors Co said on Monday it plans to double the number of cars it sells in China to 5 million by 2015. GM China President Kevin Wale said he's optimistic the company can achieve the 'ambitious' target, which is more than twice the 2.35 million vehicles it sold in 2010. Global automakers are focusing their efforts on China's auto market, which is the world's biggest. Some 13.7 million passenger vehicles were sold in the country last year, when sales grew by a third over 2009. Automakers and analysts don't expect such strong growth this year because of the end of tax incentives for some vehicle purchases and efforts by cities to bring t...

Full article: http://www.straitstimes.com/BreakingNews/Money/Story/STIS...

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