Amid Coronavirus, General Motors' China Sales Fell 43% in the First Quarter
General Motors (NYSE: GM) deliveries in China fell 43.3% in the first quarter, as consumers in many parts of China stayed home amid the coronavirus outbreak.
GM and its joint-venture partners delivered over 461,700 vehicles in the first quarter, the company said, down from about 814,000 in the first quarter of 2019, with sharp declines across all of GM's brands and market segments.
Like most global automakers, GM participates in the Chinese auto market via a series of joint ventures with domestic Chinese automakers. Those joint ventures build and sell vehicles under the familiar Buick, Cadillac, and Chevrolet brands, as well as two lower-cost brands unique to China, Baojun and Wuling.
Source Fool.com