General Motors reported car sales fell by 4% in this year, but the company is still positive about its profit margins July. GM's shift towards SUVs, including the launch of the lower-end Baojun 560, could negatively impact its margins in China, but a greater contribution from the high-end Cadillac brand could help to lift profits if the luxury market holds up, according to James Chao, Asia-Pacific head of IHS automotive.
General Motors reported car sales fell by 4% in July, but the company is still positive about its profit margins this year. GM's shift towards SUVs, including the launch of the lower-end Baojun 560, could negatively impact its margins in China, but a greater contribution from the high-end Cadillac brand could help to lift profits if the luxury market holds up, according to James Chao, Asia-Pacific head of IHS automotive.