GM says China vehicle sales to grow 50% in 2011

Shanghai October 29 (Gasgoo.com) General Motors said China's vehicle sales will grow about 50% in 2011 to once again surpass the U.S. as the world's largest auto market, Qilu Evening News reported Friday. 

As China's booming economy raises personal income, the country's auto market should continue to advance forward with considerable growth potential. Relevant sources from GM predicted that China is likely to hold on to its newly acquired status as the world's largest auto market for the foreseeable future.

German automaker Daimler AG said it hopes Chinese consumers to become the largest buyers of its Mercedes-Benz cars in the next three to five years, showing strong confidence in its outlook in China.

Volkswagen AG's luxury-brand unit Audi AG said its China sales are expected to exceed German sales next year, and has raised last Wednesday its sales forecast for 2010. Moreover, the automaker said in a statement that it will deliver more than 200,000 vehicles to the Chinese customers this year.