Seeking Alpha

GM, Ford optimistic about China

  • General Motors (GM) is "working hard" to increase sales in China by 10% or more this year, says Matt Tsien, the President of the car-maker's operations in the country. Such growth would take sales to almost 3.5M vehicles from 3.16M in 2013.
  • Ford (F) is way behind GM in China, although it expects to top 1M vehicle sales this year after the company and its joint ventures sold 935,813 units last year. That represented growth of 49%.
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