Part 2/7:
For over a decade, GM has been aware that the Chinese automotive landscape has been evolving at a breakneck pace. Unfortunately, the company seems to have remained stagnant while competition has surged. Many commentators argue that the decline in sales isn't due to alleged theft of technology by local competitors, but rather because GM’s offerings have become outdated in comparison to newer, more advanced models available at lower prices. Consequently, GM is left grappling with a notable collapse in sales, which have plummeted over 50% in recent years.