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GM sold 166,911 cars and light trucks in China last month. The No.1 US auto company sold 177,603 vehicles in its domestic market in the same period. The FT reports that “A total of 946,400 passenger cars were sold in October, up sharply from 538,500 units sold a year earlier.”
done
GM has 18% of the Chinese car market and a 21% share in America.
As GM begins the process of restructuring its European sales at Vauxhall and Opel along the lines of the downsizing it went through in the US, it must take some degree of comfort and profit from the Chinese market. It has one thing that none of its US or Japanese rivals has in the world’s most populous country–scale
Douglas A. McIntyre
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