General Motors (GM +1.2%) is on track to double its annual tally to 5M vehicle sales in China by...

|About: General Motors Company (GM)|By:, SA News Editor

General Motors (GM +1.2%) is on track to double its annual tally to 5M vehicle sales in China by 2015 despite slowing growth in the country, GM China chief Kevin Wale says. This year, Wale expects passenger car sales to grow ~10%, with the overall market gaining 3-5%. GM may block a deal by two Chinese companies to take over Saab, in which GM holds some preferred shares, he says.