General Motors aim to sell more cars this year

General Motors aim to sell more cars this year

General Motors have said that they are aiming to sell more cars this year despite the fact that analysts expect this year to see flat growth at best for the U.S. auto industry.

GM is also in such a bad position in the market that they could potentially lose their No.1 status in the country to Japanese rival Toyota.

GM sold 3 million vehicles to U.S. retail customers in 2006.

General Motors Chief Executive Rick Wagoner said in a statement: “The housing situation seems to be settling down, interest rates are leveling out, energy prices at least for now have come down quite a bit, employment is strong. None of that suggests the U.S. is really headed for a disastrous year.”

He added: “We expect a little weaker in the first half of the year, a little stronger in the second half of the year, and auto sales should move in that track as well.”