BRIEF-GM sees China auto industry at 30 mln plus vehicles annually long term-CFO

Aug 13 (Reuters) - General Motors Co (GM):

* CFO SAYS INDUSTRY AUTO SALES IN CHINA IN 2ND HALF WILL BE BETTER THAN 1ST HALF

* GM CFO SAYS COMPANY BELIEVES CHINA AUTO MARKET IS A 30 MILLION-PLUS INDUSTRY ANNUALLY IN LONG TERM

* GM CFO SAYS AT J.P. MORGAN CONFERENCE COMPANY WILL HIT $2.25 BILLION IN SAVINGS BY YEAR END FROM COST CUTTING PLAN MEANT TO SAVE $4.5 BILLION THROUGH 2020

* GM CFO SAYS COMPANY DOESN'T SEE IMMINENT U.S. DOWNTURN COMING Source text for Eikon: Further company coverage: (Reporting by Ben Klayman)

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