Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Don't Blame Me, I Voted For Kerry -- Ignore unavailable to you. Want to Upgrade?

To: Orcastraiter who wrote (62510)	6/7/2005 3:31:51 PM
From: tonto	Read Replies (2) \| Respond to of 81568

LOLOL... Orca, what should management do? (g) SHANGHAI - General Motors' sales in China grew 27 percent last year, little more than half the pace it set in 2003 but outstripping estimates for 2004 growth for the world's fourth-largest vehicle market. The world's top auto maker, which is closing on market leader Volkswagen AG, said on Thursday it expected a "positive" 2005 and planned to unveil more than 10 new or upgraded vehicles in China. The country yielded about a fifth of GM's global earnings in the third quarter, but analysts warn the outlook may be clouded by the market's stubborn weakness and price wars that picked up in mid-2004. Car sales in China are expected to have grown just 10 to 15 percent in 2004, after almost doubling to some 2 million units in 2003, hit by government-ordered credit curbs intended to slow an economy in danger of overheating. "Price cuts will be the common trend this year," said analyst Gu Qing at Haitong Securities. "Sales have reached a plateau -- there is not going to be the strong growth that was seen in previous years." GM sold 492,014 units, up 27.2 percent, while sales from its Shanghai GM joint venture -- which makes Buick sedans primarily -- climbed 25.7 percent to 252,869 units in 2004. GM's 2003 sales growth in China was 46 percent.