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Excerpt from www.nbcboston.com
- GM lost $106 million during the first quarter in China, marking only its third quarterly loss in the country in at least 15 years and the largest outside of the coronavirus pandemic during that time.
- GM’s fall from grace in the country is staggering amid geopolitical tensions between the U.S. and China, along with changing consumer sentiment and increased domestic competition there.
- While the challenges aren’t unique to GM, the company has the most to lose after several restructurings and exits from other markets in a bid to become more profitable.
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