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GM Can’t Keep Up in China, Once Seen as the Promised Land
The government focus on new-energy vehicles makes it tougher for foreign companies to compete.
25 Nov 2019, 08:07 AM IST
(Bloomberg Businessweek) -- The future for General Motors Co. in China is in the hands of customers like Yang Yanjun, a 46-year-old logistics executive in Shanghai. Yang and his family own two gasoline-powered cars—a Volkswagen and an Audi—and now he’s considering whether to go electric. Strolling through a Buick showroom in eastern Shanghai, he stops to admire one of GM’s newest electric vehicles, a powder-blue Velite 6 that’s wrapp...
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