General Motors Sold Over 9 Million Cars in 2011, Global Market Share Rose To 11.9%

General Motors (NYSE:GM) reported that its global sales totaled more than 9M vehicles in 2011, a 7.6% gain compared with 2010. GM gained four-tenths of a point of market share to 11.9% of the global vehicle industry, the company said.Sales were up in all four reporting regions of North America, South America, Europe and International Operations. Chevrolet sold 4.76 million vehicles around the world in 2011, setting a global sales record.General Motors (NYSE:GM) has potential upside of 35.6% based on a current price of $24.65 and an average consensus analyst price target of $33.43.

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