General Motors for the first time sold more cars in China in the first six months of 2010 than it did in the United States.
GM’s China sales from January through June totaled 1,209,138 units, up 49 percent from the same period in 2009. In the U.S., GM sold 1,069,577 units, up 32 percent from the previous year.
Michael Albano, a Shanghai-based spokesman, said that this marks the first time in the 102-year history of GM that an overseas market has outsold its own domestic market. Due to the global economic recession, GM was forced to go into bankruptcy but after emerging, its recovery has been hastened due to the growing demand in China. GM is preparing for an initial public offering as early as the fourth quarter.
The unprecedented sales numbers GM put up in China is also the first time an international country has outsold the company’s own auto market.