GM predicts that Chevolet sales will reach 5M


GM (GM) forecasts that global Chevrolet sales will hit 5M for the first time in 2013, rising from 4.95M last year.

Sales in he Middle East are expected to contribute to the increase despite the turmoil in the region, although growth in the area is projected to slow to 4-5% from 7-9% over the past three years.

Meanwhile, GM and Toyota (TM) plants in Australia face uncertainty as the country prepares for an election on Saturday. Prime Minister Kevin Rudd has pledged A$6.1B ($5.48) in government subsidies for the car industry through 2020, while opposition leader Tony Abbot, who's leading in the polls, wants to cut A$500M of handouts by 2015.

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Comments (5)
  • Remford
    , contributor
    Comments (137) | Send Message
     
    Um... If I recall correctly, wasn't making astronomical numbers of vehicles, in excess of what demand would support, a fundamental pillar of what drove GM to failure once already?

     

    I'd be FAR more worried about being one third as profitable as Toyota on each vehicle I'm making rather than how many I happen to be able to churn through - at the entire segment's expense.
    2 Sep 2013, 01:34 PM Reply Like
  • Americanmade
    , contributor
    Comments (53) | Send Message
     
    they are talking about sales, stupid
    3 Sep 2013, 07:19 AM Reply Like
  • Americanmade
    , contributor
    Comments (53) | Send Message
     
    All GM haters can go to hel$
    3 Sep 2013, 07:21 AM Reply Like
  • Americanmade
    , contributor
    Comments (53) | Send Message
     
    Will buy additional shares of GM today, target price of $85.
    3 Sep 2013, 07:23 AM Reply Like
  • Americanmade
    , contributor
    Comments (53) | Send Message
     
    Will buy new Impala and Camaro soon!! Buy American made,by American companies.
    3 Sep 2013, 07:25 AM Reply Like
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