General Motors yesterday increased its forecast for Chinese vehicle sales this year as it rushed to reassure Asian customers that its US bankruptcy filing would have no impact on its operations in crucial, high-growth Asian markets.
Nick Reilly, head of GM Asia Pacific, said sales of GM cars and light commercial vehicles in China rose 75 per cent last month compared with the same month a year earlier, underlining a strong rebound in the Chinese market largely due to Beijing's stimulus spending.
China could end the year as the world's largest car market, he said – 5-10 years earlier than forecast.
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