GM Sees Launching New Vehicles in China, South America and Mexico
January 11 2019 - 09:59AM
Dow Jones News
By Michael Dabaie
General Motors (GM) said Friday it expects to start launching
its new global family of vehicles in 2019 in China, followed by
South America and Mexico.
The first crossover model will be the Chevrolet Tracker, the
auto maker said. The vehicles are expected to capture growth in key
global markets and represent one-in-10 GM vehicles sold globally by
2020, the company said.
In South America, GM said it lowered its breakeven point by 40%
but is continuing to look for ways to improve business
performance.
The auto giant said restructuring has placed GM Korea on a path
to enterprise-level profitability.
Write to Michael Dabaie at michael.dabaie@wsj.com
(END) Dow Jones Newswires
January 11, 2019 09:44 ET (14:44 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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