Updated Jan. 7, 2020 8:16 am ET
General Motors Co. posted its biggest ever sales decline in China last year and warned of another tough year ahead, underscoring the challenges that U.S. car makers are facing as the world’s largest auto market suffers its first protracted decline in nearly three decades. GM said Tuesday that it sold more than 3.09 million vehicles last year in China, its biggest overseas market, roughly a 15% drop from 2018. It was the second straight year of falling sales in China. In 2018, sales slumped by about 10%—its first ever decline.
Global Trade deals with China necessated our biggest companies selling into China, win win win for China!
ValueAnalyst1
China is manufacturing 20 million EV cars over the next five years. Do us car manufacturers with their thumb up their ass will be left in their tracks
Living in Asia it was fun to see how marketing leads to different product perceptions around the world. KFC has convinced the Japanese that buckets of fried chicken are traditional American Christmas food, and in China and Taiwan Buicks are an aspirational vehicle. GoFigure
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General Motors executives grab Donald Trump's collar.
There is a solution to falling Auto industry... Call me... It's no joke... I don't have time for jokes... None of us have.
That's fine. Cars are bad.