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GM's global sales down 22% in H1

General Motors - Out of bankruptcy protection
General Motors - Out of bankruptcy protection

General Motors has posted a 22% global sales drop for the first six months of 2009 amid the economic slowdown and the automaker's slide into bankruptcy.

GM said its global first-half sales, which include brands the automaker is trimming from its lineup, fell 21.8% from the same period in 2008 to 3.55 million vehicles.

The carmaker's sales in the second quarter fell 15.4% to 1.94 million vehicles.

GM said second-quarter sales reflected continuing economic pressures and production cuts in the US. It estimated a 12% second-quarter global market share, down 0.3% point from a year earlier.

GM emerged from bankruptcy protection on July 10, concluding a 40-day stay in Chapter 11 with a sale of its key operations to a new company majority-owned by the US Treasury and pledging to win back US consumers and taxpayers.