GM says no plan to halt output at China plants
SHANGHAI, Nov 20 (Reuters) - General Motors GM.N has no plans to halt production at its vehicle manufacturing ventures in China, a spokesman in the country said on Thursday.
GM Daewoo Automotive and Technology, a South Korean unit of the U.S. automaker, plans to suspend production for up to 45 days after a sharp drop in overseas shipments, the Maeil business newspaper reported, citing the firm's vice president Josef Edlinger.
GM's China spokesman said, however, that the China operations target the domestic market, rather than the overseas market. GM is one of China's largest foreign automakers.
Car sales growth has slowed significantly in China, the world's second-largest auto market, from levels of more than 20 percent in recent years, although it still managed 11 percent growth in the first 10 months of this year from a year earlier. (Reporting by Fang Yan; Writing by Edmund Klamann; Editing by Jonathan Hopfner)










