CX Daily: After Reports of Layoffs, GM Says It’s Committed to China

GM /

After reports of layoffs, GM says it’s committed to China

General Motors Co. (GM) said it remains committed to its partnership with SAIC Motor Corp. Ltd. and their joint ventures (JVs) in China, following reports that the American carmaker has been downsizing in the world’s largest auto market.

Bloomberg on Tuesday reported that GM has been laying off staff in departments related to the Chinese market, including research and development, citing people familiar with the matter. The report also said that GM and state-owned SAIC would discuss possible capacity cuts as part of a larger overhaul of its China operations.