M is expecting to sell more than a million cars in China for the first time this year on the back of strong demand for new cars in the country. Combined vehicle sales are up by 21% on last year’s figure, and should top out at 8.4 million by the end of the year. Despite the positive result, GM exec Fritz Henderson has told AFP reporters that its market share is actually on the decline.
The situation is a repeat of what’s occurring back home for GM. Yesterday, it had to lower its US sales forecast for the year and admits reaching its earlier target of three million vehicle sales will be ‘challenging.’
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