How American carmakers lost ground in China
Publishing timestamp: 2024-05-11 08:00:01
Summary
American automakers are struggling to compete with Chinese rivals in China, as Chinese companies have surpassed them in electric vehicle technology and software. U.S. automaker sales have fallen dramatically, with GM's sales in China dropping significantly. Despite setbacks, experts believe American automakers should not give up on China as the market continues to evolve.
Sentiment: NEGATIVE
Tickers: 7201.T-JP, GM, NSANY, BRK.B, .FKRX300, F, HYMLF, BRK.A,
Keywords: video first, berkshire hathaway inc, general motors co, kia corp, nissan motor co ltd, breaking news: business, autos, ford motor co, business, michael dunne, transportation, business news, united states, china, hyundai motor co,
Source: https://www.cnbc.com/2024/05/11/how-american-carmakers-lost-ground-in-china.html