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GM Warns China Sales Will Remain Weak This Year

  • Company’s sales in world’s largest market dropped 15% in 2019
  • Automaker has struggled as Chinese consumers avoid U.S. brands
A General Motors Co. dealership in Shanghai, China.

A General Motors Co. dealership in Shanghai, China.

Photographer: Gilles Sabrie/Bloomberg
Updated on

General Motors Co. warned pressure on its China business will persist this year as the world’s biggest auto market suffers a prolonged slump, exacerbated by a lackluster economy and the trade war with the U.S.

GM and its partners sold 3.09 million vehicles in China in 2019, according to a statement Tuesday. That represents a 15% decline for a company that was once the top foreign automaker in China.