"GM's China Conundrum: Sales Plummet 20% in Q2 Amid Slumping Demand. General Motors' struggles in the world's largest car market continue to mount, with the Detroit automaker reporting a 20% decline in sales for the second quarter. Despite efforts to revamp its lineup and expand its presence in China, GM's sales have been steadily falling, with 357,000 vehicles sold in the latest quarter. The company's woes in China come as the market faces increasing competition from local brands and a slowing economy, raising concerns about GM's long-term prospects in the region."
SHANGHAI – General Motors’ China sales extended their slide in the second quarter, falling 20 percent to 357,000 vehicles as the Detroit automaker struggles to reverse declining fortunes in the ...
