China's Auto Sales Slump Hits General Motors Hard
General Motors (NYSE: GM) said that its sales in China, the world's largest new-car market, fell 15% in 2019 amid tough market conditions -- and the automaker expects those conditions to continue in 2020.
GM and its joint-venture partners sold 3.09 million vehicles in China in 2019, a steep decline from the 4 million it sold in the country just two years earlier.
GM's fourth-quarter sales in China were down 13.3% from Q4 of 2018.
Source Fool.com
