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Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Singapore Asia Pacific World Search Search: GM says China '08 sales up 6 pct but growth slows AP - Tuesday, January 6 BEIJING - General Motors Corp. said Tuesday its 2008 sales in China rose 6 percent to 1.09 million vehicles, but the growth rate slowed as consumers held back amid the economic downturn. GM is looking to China's booming auto market to drive global sales growth as North American demand slumps. In 2007, the Detroit-based automaker's sales rose 19 percent, including joint ventures. "A series of natural disasters and an increase in fuel prices earlier in the year exacerbated the impact of the global economic downturn in China," Kevin Wale, president of GM China, said in a statement. China's auto sales have weakened sharply as economic growth slowed in recent months. Sales of cars and light trucks in November plunged 13 percent from a year earlier, according to J.D. Power & Associates. Sales for GM's Chevrolet brand rose 15.7 percent in 2008, the company said. Sales of the Wuling brand, made by SAIC-GM-Wuling, a three-way partnership with Shanghai Automotive Industries Corp. and Wuling Automobile Corp., rose 17.4 percent. Another joint venture, Shanghai GM, which makes passenger cars, saw its sales fall due to limited new model introductions. ___ On the Net: General Motors Corp.: http://www.gm.com Email Story IM Story Printable View Blog This Recommend this article Average (0 votes) Sign in to recommend this article » Most Recommended Stories » Related Articles: China's Economy IPOs in China to jump 47 percent in 2009: accounting firmAFP - 1 hour 13 minutes ago China to boost low-price housing, says officialAFP - 2 hours 1 minute ago Australian business confidence hits record lows: surveyAFP - 2 hours 29 minutes ago SKorea unveils 'Green New Deals' to kick-start economyAFP - 2 hours 36 minutes ago Related Articles: Business JFE wants iron ore prices to fall to 07/08 levelsReuters - 19 minutes ago SNAPSHOT - Financial Crisis - 0715 GMTReuters - 27 minutes ago Japan business lobby sees '09 dlr range of 95-105 yenReuters - 27 minutes ago NEW ISSUE-IRFC invites bids for 7 bln rupees of bondsReuters - 27 minutes ago Indian cash rates steady on surplus cash with banksReuters - 31 minutes ago Related Full Coverage China Economy china economy All Full Coverage Most Popular – Business Viewed Steve Jobs has "hormone imbalance," to stay on as Apple CEO Jett Travolta died of 'seizure': Bahamas officials Israeli army moves on Gaza City as war toll passes 510 Pink iguanas discovered on Galapagos Islands Milky Way spins faster, has more mass than thought: astronomers View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular

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