GM (GM) may not be doing well in the US, but overseas is a different matter. While the big US car company sold slightly few units in Q2 than rival Toyota (TM), GM made 2.4 million vehicles during the period.
Fifty-eight percent of GM’s sales for the quarter were outside the US. According to Reuters: GM’s chief sales analyst, Paul Ballew, said on a conference call that the automaker expects to see sales outside the United States rise by 400,000 to 500,000 units this year
If GM can get reasonable break in its UAW negotiations and with overseas sales rising so quickly, 2008 could be a very good year.
Douglas A. McIntre
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