Financial Times FT.com

GM’s China sales set to step up a gear

By Patti Waldmeir in Shanghai and Song Jung-a in Seoul

Published: June 3 2009 02:41 | Last updated: June 3 2009 02:41

General Motors on Tuesday 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.

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