Mary Barra, CEO of General Motors, got a question at a recent panel that almost every auto CEO has grappled with in the past year: Why is your company doing so poorly in China?
Less than a decade ago, China was an easy source of cash for GM, an “automatic” $2 billion-a-year dividend for investors, says David Whiston, an analyst with Morningstar. The U.S. auto giant sold millions of Buicks and Chevrolets in China— and, for more than a decade, sold more cars in China than in its home market of the U.S.
