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GM In Aggressive Mood In Eastern Europe
May 2008 | Company News AlertSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
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Strong sales in Eastern Europe have prompted General Motors to raise its expectations in the region, particularly Russia. In Q108, sales of GM brands in Russia rose 8% y-o-y to 82,725 units with Chevrolet and Opel leading the way, ahead of the company's expectations. Chevrolet's European sales, which include Russia and Turkey, increased 30% y-o-y to 132,000 units during the quarter. This was in contrast to global sales of 2.25mn units, which was 10,000 units below GM's target. Consequently, Eastern European markets are crucial to GM's goal of remaining the world's top carmaker. It is planning record sales in the