GM Sees Launching New Vehicles in China, South America and Mexico

Date : 01/11/2019 @ 2:59PM
Source : Dow Jones News
Stock : General Motors Company (GM)
Quote : 38.61  0.35 (0.91%) @ 1:00AM
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GM Sees Launching New Vehicles in China, South America and Mexico

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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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