The future for General Motors Co.in China is in the hands of customers to reverse the 18% slide of its overall passenger-vehicle retail sales.
“In China, the business environment remains challenging and volatile,” Mary Barra said in an earnings call in October. “We’re also seeing a lot of pricing pressures.”
GM needs to refresh its lineup to keep pace with new EVs from foreign and local carmakers in China. The country is the U.S. automaker’s biggest market by sales.
Read the article at Bloomberg.