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Malibu gives GM solid start

DETROIT (Reuters) - General Motors Corp sales in North America have been tracking ahead of last year so far in January, supported by demand for the Chevrolet Malibu and Cadillac CTS, GM's North American sales chief said yesterday.

"The first couple of weeks of January were pretty good," Mark LaNeve said. "We're tracking ahead of last January; in fact, we are tracking ahead of the last two Januarys."

GM has been carrying some retail momentum into 2008 and that it has a chance to be a decent year, LaNeve said.

The Malibu, which was named the North American car of the year for the North American International Auto Show Sunday, has been selling quickly and GM does not expect to have enough of the sedans to meet retail demand until the second quarter, LaNeve said.

GM has less than a 30-day supply of the Malibu and has added production at a plant in Lake Orion, Michigan, to meet demand, LaNeve said. The car is also produced at a Fairfax, Kansas, plant.