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Home >> Business
UPDATED: 16:43, November 04, 2004
VW, GM see sales slip in China
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General Motors and Volkswagen said that sales in China have fallen between 6.5 and 28 percent last month, underscoring the slowing demand in the world's fourth-largest vehicle market.

Executives from both car-makers declined to predict when demand would pick up. But senior industry executives are confident that the market would rebound next year.

In a bid to hit internal sales targets, a GM spokeswoman warned that some manufacturers may have been pushing cars to dealers, despite the slowing demand. But, she said GM was not pressuring dealers, because that would only have a short-term impact. GM and VW held the top two positions, in the world's fastest-growing car market last year.

(cctv.com)


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