Automaker Vows To Turn Around Its Struggling Operations

General Motors Doubles Down on China

Automaker Vows to Turn Around Its Struggling Operations

General Motors (GM) is doubling down on its commitment to China, vowing to turn around its struggling operations in the country.

The automaker has been facing challenges in China, its largest market outside the United States. GM's market share in China has been declining in recent years, and the company has been losing money on its operations there.

But GM is not giving up on China. The company said on Thursday that it is committed to building a profitable and sustainable business in the country.

"We are doubling down on China," GM CFO Paul Jacobson said. "We believe in the long-term potential of the Chinese market, and we are confident that we can turn around our business there."

GM plans to invest heavily in China in the coming years. The company will launch new products, expand its dealer network, and invest in new technologies.

"We are taking a long-term view of our business in China," Jacobson said. "We are confident that we can turn around our business and build a profitable and sustainable future for GM in China."