Reported 8 months ago
Bank of America analysts suggest that Detroit automakers General Motors, Ford, and Stellantis should exit the challenging Chinese car market and focus on their profitable North American operations. This recommendation comes as GM faces declining sales and profits in China due to increased competition from local rivals, while Ford and Stellantis struggle to establish a significant market share. The analysts believe that shifting resources towards developing a competitive electric vehicle lineup could help the companies thrive in the long term, emphasizing the importance of prioritizing core strategies and profitability over sustaining losses in China.
Source: YAHOO