The Silver Lining in GM's Big China Problem

Rewind to about 15 years ago, and China was the holy grail for automakers. Its market was beginning to boom, and foreign automakers paired up with joint ventures to begin selling vehicles in hopes the region would become another profit machine.In fact, looking at how dire things are today (more on this in a second), it's hard to believe General Motors (GM -1.68%) sold more vehicles in China than it did the U.S. from 2010 until 2023. But after a nearly decade-long slide in profits and market share, and bloss ...