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GM China confirms restructuring amid market challenges

General Motors (GM) China responded on August 14 to reports of job cuts and production reductions. A GM China representative confirmed that these issues were addressed in the second-quarter earnings report, noting the ongoing challenges in the Chinese market, including competitive shifts, overcapacity, and aggressive pricing. GM is working closely with its joint venture partners to restructure for profitability and sustainability, having already taken steps like reducing inventory and lowering fixed costs. The partnership with SAIC Group remains unchanged, and GM will continue to provide products and technologies to Chinese consumers while planning for the future

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