Originally Posted by Frank777
Way to ignore the point Hands.
Your own link says that the only reason demand jumped was that incentives of up to $700. per vehicle were being offered. Those low interest rates will be history very soon.
Nothing has changed here, except that taxpayers' pockets are a few billion dollars lighter.
It's still encouraging news.
Here's how well GM is doing in China-
"Beijing (AP) - General Motors Co. said Friday (Oct 2009) it set a sales record in China in September and total sales for the first nine months of the year rose 55 percent to nearly 1.3 million vehicles.
GM and other global automakers are looking to China's fast-growing market to drive sales amid slack demand elsewhere. China's monthly sales have surpassed those of United States for all but two months this year.
GM and its Chinese joint-venture partners sold a total of 181,148 vehicles in September, the company said. It gave no comparative year-earlier figure.
"Sales continue to surpass forecasts as nearly all market segments experience growth," said GM China Group President Kevin Wale in a statement.
GM said September sales by its flagship joint venture, Shanghai GM, set a monthly record of 71,566 vehicles, while total sales for the first nine months of the year rose 40.2 percent from a year earlier."