GM boosted by sales rise in China

Boosted by strong performance in China, General Motors is planning to sell over two million vehicles in the country this year.

GM and its ventures in China sold 199,641 vehicles in October, an increase of almost 20% on the same month last year.

With this, the sales for the first 10 months of 2010 reached 1,976,913 vehicles - a rise of 36%.

Kevin Wale, president and managing director of the GM China Group, said: "This is another important milestone for General Motors in China. It was only three years ago that GM became the first global carmaker to reach the one million annual sales mark in China."

Meanwhile, Ford posted a 33% increase in car sales in China during the month - selling 49,681 vehicles - and revealed that sales in the January-October period had shot up 39% to 468,754.

Global carmakers are relying increasingly on sales in China and other developing countries to offset weakness in the US and other traditional markets.

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