China's top vehicle producer SAIC Motor Corp said its 2010 sales would hit 3 million units, an increase of 13 percent from this year, the Shanghai Securities News reported on Wednesday, quoting the firm's chief executive.
China's auto market has been a bright spot this year amid a steeper-than-expected global downturn, thanks to Beijing's stimulus measures which have significantly bolstered consumer confidence.
Earlier this month, General Motors [GM.UL] and SAIC Motor agreed to make small cars and commercial vehicles in India and GM also sold its 1 percent stake in its existing China venture to SAIC for about $85 million, giving China's top carmaker control and allowing it to consolidate the venture's accounts onto its balance sheet.
