GM CEO: Emerging Markets Encouraging for 2007
General Motors CEO Rick Wagoner told CNBC's "Worldwide Exchange" he predicts robust global sales growth in 2007, crediting the positive outlook to a strong product pipeline and solid performance in the emerging markets.
But Wagoner declined to comment on speculation GM might purchase Chrysler from Germany's DaimlerChrysler.
“We’ve been working hard on getting a broader range of products that really gets people excited,” Wagoner said at the Geneva Motor Show, noting GM’s new full-size pick-ups and mid-sized cars as leading products.
“We’ve got a great global footprint,” he said. “If you look at China alone, last year we sold 875,000 units in our joint ventures… which is really remarkable when you consider ten years ago I suspect we weren’t even selling 10,000 units.”
In addition, Russia demand is growing, Wagoner said. But he added that the company is doing all it can to build on its established positions in Europe and the U.S., saying the Detroit-based automaker will "fight for every sale."
Wagoner said later at a press conference that GM’s global industry sales are headed to 70 million vehicles for the full year.