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Toyota Outsells GM in China
16th November 2008
China is yet another significant market were General Motors is losing ground to Toyota. According to a report from Bloomberg citing data issued by the China Association of Automobile Manufacturers, Toyota’s two Chinese auto ventures raised their sales by a whopping 30% to 407,427 cars and SUVs during the first nine months of the year in the domestic market. At the same time, GM’s passenger car sales remained stagnate at 373,945 vehicles.
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