GM Scores Some Big Gains

July 15, 2008


If it wasn't for that pesky recession in the United States ...

Already scoring big gains in its European market and China, General Motors has racked up another strong sales performance in Latin America, Africa, and the Middle East. Those regions, collectively known as LAAME in GM-speak, achieved an all-time sales record during the second quarter, reflecting the continuing growth of the auto demand in emerging markets and, perhaps, the benefits of record oil profits for much of the LAAME region.

For the quarter, GM sales totaled 346,100 vehicles, up about 52,000, while the automaker's market share jumped to 17.5 percent, a nearly 1 point increase.

"Strong demand for our Chevrolet products, such as the Chevrolet Corsa, Celta, and Aveo fueled our growth throughout the region," Maureen Kempston Darkes, GM group vice president and president of GM LAAM said. Those vehicles continued as the top three sellers across the region in Q2 2008, representing 40 percent of GM sales.

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