MIRAMAR, Fla., Oct. 13 /PRNewswire/ -- General Motors Latin America,
Africa and Middle East (GM LAAM) region broke a Q3 record selling 341,900
vehicles in the quarter, up 11,400 units over the same period in 2007. GM's
volume increase for the quarter was at 3.4 percent. In addition, GM's
quarterly market share in the region stands at 17.0 percent.
Maureen Kempston Darkes, GM group vice president and president of GM LAAM
said, "We are still showing solid growth, despite the global economic crisis
that surrounds us. Strong demand for the Chevrolet Aveo continued and was
driven by the new five-door hatchback version. In addition, the new Cadillac
CTS was a strong performer in the Middle East, and was complemented with the
recent launch of the right-hand-drive CTS in South Africa."
All-time quarterly GM sales records were posted by Brazil, Chile, Ecuador
and Peru. Third quarter GM sales records were set by Egypt, North Africa and
the Middle East. Double-digit GM sales increases for the quarter were
delivered in Brazil at 16 percent, Chile at 19 percent, Ecuador at 64 percent,
North Africa at 30 percent, Egypt at 35 percent, Israel at 30 percent and the
Middle East at 27 percent.
"We have already passed the one million unit mark and are well on our way
to another record sales year. This is our 20th consecutive quarter of
year-over-year sales increases," Kempston Darkes continued.
Through three quarters, GM's volume is at 1,012,100 units, up 13 percent
year-over-year. The CYTD industry growth rate stands at 10 percent. GM LAAM
region's current CYTD market share is 17.3 percent, up .4 points over the same
period in 2007.
General Motors Corp. (NYSE: GM), the world's largest automaker, has been
the annual global industry sales leader for 77 years. Founded in 1908, GM
today employs about 266,000 people around the world. With global headquarters
in Detroit, GM manufactures its cars and trucks in 35 countries. In 2007,
nearly 9.37 million GM cars and trucks were sold globally under the following
brands: Buick, Cadillac, Chevrolet, GMC, GM Daewoo, Holden, HUMMER, Opel,
Pontiac, Saab, Saturn, Vauxhall and Wuling. More information on GM can be
found at www.gm.com.
General Motors Latin America, Africa and Middle East (GM LAAM), with
headquarters in Miramar, Florida, is one of GM's four regional business units.
GM LAAM employs approximately 37,000 people in 18 countries and has
manufacturing facilities in Argentina, Brazil, Colombia, Ecuador, Egypt,
Kenya, South Africa and Venezuela. GM LAAM markets vehicles under the Buick,
Cadillac, Chevrolet, GMC, Hummer, Isuzu, Opel, Saab and Suzuki brands.
SOURCE General Motors Corporation