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General Motors to Restructure in China: Time to Buy GM Now?
GMGM(US:GM) ZACKS·2024-08-15 13:06

General Motors (GM) , once a dominant force in the Chinese automotive market, is contemplating a significant restructuring in an attempt to regain its footing in the world’s largest auto market. The company’s plans include job cuts and a strategic shift toward producing more upscale models and electric vehicles (EVs), underscoring the challenges it faces amid fierce competition from domestic Chinese automakers. With the company now embarking on a major revamp of its Chinese operations, let’s see if this is ...