INTERNATIONAL
GM to stop exporting vehicles from US to China, company says
GM’s US vehicle imports to China via its Durant Guild made up less than 0.1 pct of its sales there, a spokesperson said. - REUTERS
DETROIT: General Motors late last week informed employees and dealers for its China export business it would stop shipping vehicles to China from the United States, the company said.
The move comes as the United States and China continue discussions on tariffs and other trade issues.
GM imported vehicles to China from the United States through its Durant Guild premium import business, which represented less than 0.1% of the volume it sells in China, according to a company spokesperson.
"Due to significant changes to economic conditions, we have decided to restructure The Durant Guild and correspondingly optimize GM China’s operations," the spokesperson said in a statement.
Goods imported into China from the United States faced tariffs of more than 100% before the two countries agreed to lower the levies for 90 days.
In April, GM's rival Ford Motor halted its exports to China.
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