GM expects October sales to increase
www.chinaview.cn 2009-10-29 08:11:53   Print

    CHICAGO, Oct. 28 (Xinhua) -- U.S. automaker General Motors on Wednesday announced forecast for its vehicle sales in October, saying the October sales will rise compared to a year earlier, the first such increase for the automaker in 21 months.

    The forecast was announced during a conference call with Mike DiGiovanni, GM's director of global market analysis, and Susan Docherty, GM vice president of U.S. sales.

    GM's October sales will be released next week. GM sales dropped4 5 percent last month and have fallen 36.4 percent this year.

    About 95 percent of GM's sales in October have come from its four core brands -- Chevrolet, Cadillac, Buick and GMC. A year ago, only 85 percent of total sales came from those four brands.

    GM emerged from bankruptcy court on July 10 this year after receiving 50 billion U.S. dollars in federal aid, shedding brands, billions in debt and thousands of employees. The automaker is selling or phasing out its Saturn, Saab, Hummer and Pontiac brands.

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Editor: Anne Tang
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