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GM warns on US market as carmakers flee Chinese competition
Original: General Motors warns on US market as carmakers seek ‘safe haven’ from Chinese rivals
General Motors has issued a warning about the United States market as global carmakers look to the US as a 'safe haven' from intensifying competition with Chinese rivals. The remarks highlight growing concern in the auto industry that Chinese manufacturers, strengthened at home, could eventually target Western markets, putting pressure on established players like GM.
Why now: Rising anxiety in the auto industry over Chinese competition and the protection of Western markets.
General MotorsUnited StatesChina
Evidence
- General Motors warns on US market as carmakers seek ‘safe haven’ from Chinese rivals · Financial Times
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