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GM’s Chinese Partner Predicts Sales to Outpace Industry in 2013

SAIC Motor Corp., the Chinese partner of General Motors Co. and Volkswagen AG, said its vehicle sales growth will outpace the industry in 2013, driven by an improving economy and buyers shunning Japanese brands.

SAIC, which makes Buick and Chevrolet cars with GM, expects sales to increase seven percent to eight percent next year, faster than the five percent to seven percent growth for the industry, according to President Chen Hong, citing projections based on current conditions.