Thursday, December 07, 2006

GM: New Products To Help Drive Market Share Gains

GM says U.S. retail market share has bottomed
Wed Dec 6, 2006 9:58 PM ET, NEW YORK, Dec 6 (Reuters) -

General Motors Corp.'s U.S. market share has bottomed out and new products such as crossover vehicles are going to help drive market share gains, GM executives said on Wednesday.
The company is also making progress in key negotiations on labor and contract issues with former unit Delphi Corp. , though it has no timeline for completing a deal.
Asked about GM's U.S. market share, Mark LaNeve, its North American sales chief, said: "We stabilized it, and it's going to trend up." He added that GM's retail market share was about 22 percent.
"I believe that is the bottom," LaNeve said at a GM holiday event in New York. "We think we're going to gain incremental share with some new products we're bringing into the market."...read more: here
posted by ssg5