Tony Sagami - Veteran investment advisor and a leading expert on Asian markets.

Chinese auto sales rebound in February

by Tony Sagami on March 17, 2009

in Asian Market, Stock Market in China

General Motors (GM: 0.00 N/A N/A) raised its sales growth forecast in China from 3% to 5%-10%.

How come? Auto sales jumped by 25%  in February. The reason was a reduction in auto taxes.

Related posts:
  1. Auto sales slow in China I read several headlines moaning about slowing auto sales in China. It is true that auto sales have dropped for...
  2. GM and Chysler merger? My last post was about China auto sales and here isanother news story that I was shocked to see: General...
  3. GM stumbles in China General Motors chopped its sales growth forecaststo 11% and 12% in 2008. That’s down from the 12% to 15% growth...

{ 0 comments… add one now }

Leave a Comment

You can use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

I agree to the Terms and Conditions of this blog.

Previous post: Vale predicts steady iron ore sales to China

Next post: Republican Grassley tells AIG execs to ‘commit suicide’