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.

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Source Fool.com