Category: GM News
Posted: 24.04.2008 10:01
General Motors have posted their Q1 financial information and announced a sales drop of 1%, or total sales of 2.25 million vehicles. 64% of Q1 sales were from outside America and amounted to 1.45 million vehicle sales.
John Middlebrook, GM’s vice president of Global Sales, said that despite a drop in sales, things were looking pretty good..
"GM posted record sales in three of our four regions driven by continued strong demand in emerging markets," John Middlebrook, GM vice president, Global Sales, Service and Marketing Operations, said today.
"While the challenges of the U.S. economy continue to put pressure on the automotive industry there, we saw nearly 20 percent growth in the Latin America, Africa and Middle East and 6 percent growth in the Asia Pacific region. We're also very pleased to see 3 percent growth in Europe, where we established a new sales record with 572,000 vehicles sold. We continue to see a higher percentage of our business coming from outside the developed markets - and the non-U.S. share of GM's global sales of 64 percent clearly reflects that trend."