China is yet another significant market were General Motors is losing ground to Toyota. According to a report from Bloomberg citing data issued by the China Association of Automobile Manufacturers, Toyota's two Chinese auto ventures raised their sales by a whopping 30% to 407,427 cars and SUVs during the first nine months of the year in the domestic market. At the same time, GM's passenger car sales remained stagnate at 373,945 vehicles. -ContinuedHowever, GM managed to raise its overall sales that include commercial vehicles at its Chinese ventures by 9,3 % to 785,144 units in the first three quarters of the year.
China is regarded as being one of the most important markets for the American automaker as it sold 1.03 million passenger and commercial vehicles or about 11 percent of its global total in 2007. And the way GM is going here in the States, it will need all the help it can get from overseas markets like China - that is, if Toyota doesn't have anything to say about it...
