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GM lifts China forecast as government aids auto sales

(chinadaily.com.cn)
Updated: 2009-04-06 11:22

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General Motors Corp raised its forecast for the nation's auto sales this year after the government took steps to spur demand.

China has scrapped some road taxes and given subsidies to rural vehicle buyers after an economic slowdown caused auto sales to fall in five of the past six months.

The government's rural sales push has particularly benefited GM's SAIC-GM-Wuling Automobile Co venture, the largest minivan- maker in China, he said....

The full text is available in the March Issue of Auto China. Please visit publications for more subscription details.