Most U.S. automakers in China are having a tough time

Sabri Ben-Achour Jan 7, 2020
Share Now on:
HTML EMBED:
COPY
Bill Pugliano/Getty Images

Most U.S. automakers in China are having a tough time

Sabri Ben-Achour Jan 7, 2020
Bill Pugliano/Getty Images
Share Now on:
HTML EMBED:
COPY

General Motors told investors its car sales in China fell dramatically in 2019 — down 15%. The year before they were down 10%. Ford’s in trouble, too. Its third-quarter sales were down 30%. In part, the Chinese economy is to blame — growth has been slowing, inflation and uncertainty have hit low to middle-income consumers hardest. And the mass market models have suffered most. Neither Ford nor GM have updated their lineup of cars recently, which has given competitors like Volkswagen the upper hand. But GM’s luxury brands continue to do well — sales of Cadillacs were up 3.9%.

Click the audio player above to hear the full story.

As a nonprofit news organization, our future depends on listeners like you who believe in the power of public service journalism.

Your investment in Marketplace helps us remain paywall-free and ensures everyone has access to trustworthy, unbiased news and information, regardless of their ability to pay.

Donate today — in any amount — to become a Marketplace Investor. Now more than ever, your commitment makes a difference.