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Business Briefing / Automobiles

GM global sales are down 15%

July 23, 2009|Times Wire Reports

Although General Motors Co.'s North American sales dropped sharply in the first quarter as it headed into bankruptcy protection, strong growth in its Asia-Pacific region offset much of the decline, and the automaker ended up with global sales down 15% for the second quarter.

GM, which has received $50 billion in government aid and emerged from Chapter 11 on July 10, said that it sold 1.94 million vehicles worldwide in the April-to-June period, despite a 32% decline in North America.

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