China's stock market free fall is hurting automakers, including General Motors and Ford. GEneral Motors now sells more vehicles in CHina than it does in North America, thanks to the country's large population and growing middle class. The Chinese government has been trying for years to wean itself off its dependence on foreign oil. Then he got a call from his GM purchasing manager asking if Mr. Olson could make a small piston for a compressor in a ventilator, among other components. Ford on Wednesday reported sales fell 3% to 83,506 vehicles in June. Linda Lim, professor at the University of Michigan'sRoss School of Business believes the market is starting to become saturated, with the automakers now having to go after people with less income, those who have lost the most in the recent stock market falls, with many middle income Chinese having invested when the stock market was at a high.
China's stock market free fall is hurting automakers, including General Motors and Ford. GEneral Motors now sells more vehicles in CHina than it does in North America, thanks to the country's large population and growing middle class. The Chinese government has been trying for years to wean itself off its dependence on foreign oil. Ford on Wednesday reported sales fell 3% to 83,506 vehicles in June. Linda Lim, professor at the University of Michigan'sRoss School of Business believes the market is starting to become saturated, with the automakers now having to go after people with less income, those who have lost the most in the recent stock market falls, with many middle income Chinese having invested when the stock market was at a high.