Mexican Media Brands
GM Expects to Maintain Profit Margins in China
General Motors Co. expects to sustain profit margins of 9%-10% in China in spite of the market's rising price pressures and shrinking growth rate.
#economics
Share
General Motors Co. expects to sustain profit margins of 9%-10% in China in spite of the market's rising price pressures and shrinking growth rate.
Matthew Tsien, who heads GM's China unit, tells The Wall Street Journal that unspecified cost-cutting measures and a richer mix of products especially SUVs will offset those challenges.
Last year GM's sales in China expanded 12%. But growth slowed to 9% in the first quarter of 2015. Last week the company cut prices on 40 models by as much as 53,900 yuan ($8,700).
RELATED CONTENT
-
MTU Research to Boost Fuel Economy ~20%
Researchers are using V2X communications and other methods to provide vehicles with a significant increase in fuel economy.
-
On Quantum Navigation, EVs, Auto Industry Sales and more
Sandia’s quantum navi, three things about EVs, transporting iron ore in an EV during the winter, going underwater in an EV (OK, it is a sub), state of the UK auto industry (sad), why the Big Three likes Big Vehicles, and the future of logistics.
-
On Global EV Sales, Lean and the Supply Chain & Dealing With Snow
The distribution of EVs and potential implications, why lean still matters even with supply chain issues, where there are the most industrial robots, a potential coming shortage that isn’t a microprocessor, mapping tech and obscured signs, and a look at the future