General Motors reports record sales in Europe
Despite trouble on the U.S. front, General Motors Corp. is booming in Europe.
By Agencies |
DETROIT:: Despite trouble on the U.S. front, General Motors Corp. is booming in Europe.
GM said Wednesday it recorded record sales of nearly 1.2 million vehicles in Europe in the first six months of this year. That is an increase of 3 percent over last year.
GM's sales grew 58 percent in Eastern Europe and 60 percent in Russia, offsetting a weaker market in Spain and Italy. Even Hummer, a brand GM is considering selling because of slow U.S. sales, saw a 21 percent jump in Russia.
GM says its European market share remained steady at 9.5 percent.
GM said Wednesday it recorded record sales of nearly 1.2 million vehicles in Europe in the first six months of this year. That is an increase of 3 percent over last year.
GM's sales grew 58 percent in Eastern Europe and 60 percent in Russia, offsetting a weaker market in Spain and Italy. Even Hummer, a brand GM is considering selling because of slow U.S. sales, saw a 21 percent jump in Russia.
GM says its European market share remained steady at 9.5 percent.
Download
The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.
The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.
Download
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
ADVERTISEMENT
