General Motors expecting China to post 15% growth next year

General Motors expecting China to post 15% growth next year

World’s largest automaker General Motors has said that they expect their Chinese operations to post growth of more than 15% next year.

However, this growth rate would still be just around half of their current year’s growth. GM said that they still aim to out pace the Chinese automotive market’s growth next year.

Kevin Wale, president and managing director of GM China added that they are not worried about the slowing growth in China, which is increasingly becoming an important market for global automakers.

He said: “We are not concerned with overcapacity. There is a lot of market growth here.” China is currently one of the shining spots for GM as they are facing huge problems in the home market of USA.

GM sells Buick, Chevrolet and Cadillac brands in China and they are aiming at selling around 860,000 vehicles in China this year.