Part 5/7:
The reality is stark: GM’s sales in China have experienced a sharp decline of 18% so far in the current year, accounting for roughly 1.2 million vehicles sold compared to over 2 million sold just a couple of years ago. Furthermore, their joint venture, SAIC-GM—which produces Chevrolet, Buick, and Cadillac models—reported a loss from operations in the third quarter, underscoring the severe downturn in performance.