Graham and Doddsville -- Value Investing In The New Era Message Board

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Strategies & Market Trends : Graham and Doddsville -- Value Investing In The New Era

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To: porcupine --''''> who wrote (1111)	1/12/1999 11:00:00 PM
From: porcupine --''''>	Read Replies (1) of 1722

1998 Record Year for GM Mexico; Sales Surge Over 23% Local sales of the Mexican unit of GENERAL MOTORS CORP rose a strong 23-24% in 1998 over the previous year to a record 175,114 vehicles, company president Troy Clarke said. Clarke told reporters the sales volume was an "all-time record" for GM Mexico. Clarke added that 1998 was a record year for the entire Mexican automobile industry and estimated overall sales growth of 34% for the sector. However, he said GM only expected car sales to increase 4.0-5.0% in 1999 as the economy slows down. Clarke said export growth for GM Mexico was around the same level as for overall sales in 1998. GM Mexico exports half of its product to the United States, Canada and Australia. (Reuters 02:14 PM ET 01/08/99)

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