GM Daewoo Plans to Sell 500,000 Cars Overseas in 2005
GM Daewoo Auto & Technology Co., Korea's third-largest automaker, targets overseas sales of 500,000 cars in 2005. GM Daewoo markets under General Motors' Chevrolet badge.
General Motors Corp., the largest shareholder of GM Daewoo, expects the Korean subsidiary to account for about 12 to 15 percent of Chevrolet's worldwide sales, which is projected to reach 4 million units this year, according to John G. Middlebrook, GM's vice president of global sales, service and marketing operations, at a news conference in Seoul.
General Motors Corp. owns about 48 percent of GM Daewoo.
GM Daewoo's exports last year rose 76 percent to 796,000 units, selling more than 142,000 cars in Western Europe, 219,000 in Eastern Europe and 150,000 in Asia-Pacific, including knock-downs. Most of them were sold under the Chevrolet badge.
General Motors Corp., the largest shareholder of GM Daewoo, expects the Korean subsidiary to account for about 12 to 15 percent of Chevrolet's worldwide sales, which is projected to reach 4 million units this year, according to John G. Middlebrook, GM's vice president of global sales, service and marketing operations, at a news conference in Seoul.
General Motors Corp. owns about 48 percent of GM Daewoo.
GM Daewoo's exports last year rose 76 percent to 796,000 units, selling more than 142,000 cars in Western Europe, 219,000 in Eastern Europe and 150,000 in Asia-Pacific, including knock-downs. Most of them were sold under the Chevrolet badge.
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