GM plans 70 new or upgraded vehicles by 2014 to drive international sales growth
By APTuesday, June 29, 2010
GM execs say foreign markets are key to growth
DETROIT — General Motors Co. says it will introduce 70 new or upgraded vehicles in international markets by 2014 as it tries to expand its business.
Company executives say that a strong performance and growth in emerging markets are key to the automaker’s growth.
GM President of International Operations Tim Lee tells financial analysts the company is the industry leader in the combined markets of Brazil, Russia, India and China.
He says GM is on track to be the first global automaker to sell more than 2 million vehicles in China this year. GM says overall auto sales in China will rise 20 percent this year to 16.5 million.
GM is updating financial analysts on its business in preparation to sell stock to the public, perhaps later this year.
