Reuss also touted the competitiveness of GM's Chinese joint venture partners such as Wuling Motors.
GM's market share in China, including its joint ventures, has plummeted from roughly 15% as recently as 2015 to 8.6% last year — the first time it has dropped below 9% since 2003.
DETROIT – General Motors believes it can regain market share in China after hitting a roughly 20-year low last year amid changing market conditions and increased domestic competition, GM President Mark Reuss said Thursday.
The market declines have spurred questions on whether GM would exit China, as it has other underperforming markets in recent years.
The automaker said Steve Hill, currently GM's vice president of global commercial operations, would succeed GM China President Julian Blissett, effective June 1.
Persons:
Mark Reuss, Reuss, " Reuss, Mary Barra, Steve Hill, Julian Blissett
Organizations:
Hamtramck Assembly, Wuling Motors, GM, Buick, DETROIT –, Motors, JV, Financial Times, Car, U.S . GM's, Chevrolet, China
Locations:
Detroit, Hamtramck, Michigan, China, DETROIT, U.S . GM's U.S