General Motors’ sales in China have for the first time this year been higher than those in the USA. The number of cars sold in China rose by 48.5% between January and June for a total of 1.21 million units compared to the 1.08 million vehicles sold in the USA during the same period. In June alone 176,486 cars were sold in China (+23.2%).
FED, CREDIT MARKET PROBLEMS STILL EXIST
According to Elizabeth Duke, a Fed Board member, the credit market is still pulling in its horns in…