Jeddah Mayoralty issues strict conditions for buildings on commercial streets    NEOM to build concrete factory complex to support construction work on The Line    GACA slaps SR8.7 million fines on erring air carriers    Saudi Arabia highlights pioneering innovations at STS Forum in Japan    Modi's BJP ahead in Haryana election but trails in Kashmir    Parents recall children dying in their arms after Israeli strike kills 30 in central Gaza    PIF partners with Central Group with acquisition of 40% stake in Selfridges    Senior Hezbollah commander killed in Beirut, Israeli military says    Indian financial aid opens 'new chapter' with Maldives    Musaned sets 5 conditions to obtain alternative house worker visa without government fee    TASI rises 145 points to 11,914, performing at best in 4 months    Total e-commerce revenues expected to reach SR260 billion in 2025 Al-Qasabi meets business leaders and entrepreneurs in Al-Baha    Madonna pays heartfelt tribute to brother Christopher    Al Nassr secure commanding 3-0 victory over Al Orobah to extend winning streak    Al Hilal triumphs 2-1 over Al Ahli in a thrilling clash to maintain top spot    Al Khaleej secure first win, Al Riyadh stun Al Qadsiah    Al Ittihad keeps pressure on Al Hilal after defeating Al Okhdood 2-1    Doctor pleads guilty in Matthew Perry overdose death    Woman with rare double uterus gives birth to twins    India puts blockbuster Pakistani film on hold    UK's Prince Harry celebrates 'little legends' at London charity awards    The Vikings and the Islamic world    Filipino pilgrim's incredible evolution from an enemy of Islam to its staunch advocate    Muted Eid celebrations for millions of Nigerian Muslims    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



GM on track to double China sales
Published in The Saudi Gazette on 08 - 11 - 2011

GM's sales in China jumped 10 percent to a record 220,412 vehicles in October, helped by renewed demand for its minivans.
Sales by General Motors Co. and its China joint ventures have exceeded 2.1 million so far this year, up about 7 percent from the 1,976,913 vehicles it sold in January-October 2010, the company said Monday.
Despite strong demand in some areas, especially luxury vehicles and SUVs and some GM models, overall demand in China, the world's largest auto market, has been lackluster this year.
Ford Motor China said its sales in October were flat compared with a year earlier at 40,857 vehicles, though its January-October sales were up 9 percent from a year earlier, at 426,814 vehicles.
Sales figures for domestic automakers are due later this week.
Dealerships saw business slow this year after the government ended tax incentives and subsidies meant to encourage purchases of small, fuel-efficient cars. Licensing quotas and other restrictions meant to help control chronic traffic jams have also hurt.
But foreign automakers have fared better than local ones, and GM has reported strong growth in demand for its Chevrolet Cruze and its Buick Excelle sedan and New Regal.
Reviving after a slow start this year, sales of mini vehicles by Shanghai-GM-Wuling jumped 19 percent to 111,957 in October, GM said. Mini vehicles includes van and some small cars.
But sales by GM's joint venture with FAW dropped 32 percent to 4,408 vehicles, the company said without elaborating.
In 2010, GM sold more than 2.35 million vehicles in China, up 28.8 percent from a year earlier.


Clic here to read the story from its source.