General Motors reported car sales fell by 3.3 percent 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.
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.