News Snapshot:
Despite hiccups with supply shortages and COVID-related shutdowns, General Motors (GM) CEO Mary Barra is bullish on the China marketplace. “We still think there’s tremendous opportunity there,” Barra said at Yahoo Finance's All Markets Summit in an interview with Editor-in-Chief Andy Serwer. GM reported a bounceback in China sales for Q3 of this year, where it sold 629,900 vehicles, up about 1% from a year ago. While that doesn’t sound like much, sales dropped a whopping 35% in Q2 due to those COVID shutdowns and related parts services. Barra says it was a combination of traditional GM brands and their...
