GM: Pressure on sales in Europe, China

DETROIT (Reuters) - General Motors Corp sees signs of slower auto sales in Europe and China although there are also signs sales in the United States, the largest auto market, may have hit bottom over the summer, a senior executive said on Monday.

GM President and Chief Operating Officer Fritz Henderson, speaking to the Reuters Auto Summit in Detroit, said there is more reason to expect that 2009 U.S. light vehicle sales will be near 14 million units, roughly flat from this year's depressed levels.

But he said there were some early indications that the U.S. vehicle market seems it might have hit a bottom in July.

"It feels like all of the negative variables are factored into the market, are factored into the consumer," Henderson told Reuters. "Perhaps we have found the bottom ... in the U.S. I can't say the same thing for other markets."