GM Forecasts 2 Million Car Sales in China This Year

GM believes that it will sell 2 million vehicles in the Chinese car market this year. The head of the car company's Chinese unit told Bloombergthat the figure is well ahead of its previous forecasts. Last year, the No.1 U.S. carmaker sold 1.83 million units in China, up 67% from 2008. Volkswagen and GM are the two largest foreign car companies in that country. With its plans to introduce more than 10 new models in China, GM may be able to pull decisively ahead of VW in 2010.