General Motors expects its mainland sales growth to drop dramatically in 2010 as the carmaker nears the end of a year of government stimulus-fueled growth in the world's biggest car market.
GM expects China sales to rise 50 percent this year but only 10 to 15 percent in 2010, Kevin Wale, president of GM's China operations, said on the sidelines of the Guangzhou Autoshow.
China's auto market has been a major bright spot this year thanks to a raft of government incentives, including aggressive cuts in sales taxes on small cars, which will expire by the end of the year.
General Motors' China vehicle sales in October more than doubled from a year earlier to 166,911. The Detroit carmaker and joint ventures sold a total of 1.5 million vehicles in China from January to November.
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The company will continue to invest heavily in China, Wale said. REUTERS
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