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GM posts sharp decline in quarterly sales in China

By Shubhangi Mathur - Jul 07, 2022, 03:41 AM ET

Last Updated - Mar 11, 2024, 02:02 PM EDT

The automaker sales declined 35.5% in China from a year earlier

• The automaker sales declined 35.5% in China from a year earlier

General Motors Co (NYSE: GM) on Wednesday reported a sharp decline in the quarterly sales in China due to surge in the Covid-19 cases in the country.

The automaker sales declined 35.5% in China from a year earlier, selling 484,200 vehicles from April through June. This is the lowest sales of the automaker since the first quarter of 2020.

Shares of GM fell more than 4% during intraday trading.

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