News > General Motors China restructuring: $5 billion loss
General Motors China restructuring: $5 billion loss

Tech Story | 16/12/2024 09:38 AM | Click to read full article
General Motors (GM) appears to be facing exceedingly serious hurdles in the country that once saw it rise with a growing middle class and a booming vehicle market. GM sales in China have dipped almost 50% compared to 2017 when the major slump hit China. GM sold 4 million vehicles in China in 2017. Such continued diminishing sales have forced GM into uninterrupted losses, whereby it started considering the value of its presence in China.