GM exiting China would mean billions of profits gone
If President Donald Trump were able to actually order American business out of China, General Motors would be the hardest hit of the Detroit Three carmakers.
Though most of its profits come from North America, the company makes 43% of its annual global vehicle sales in China.
"The number one loss to GM, if forced to leave China, is the loss of all the future growth potential," said Jon Gabrielsen, a market analyst who advises automakers and suppliers. "Since they already sold off their European operations ... GM would essentially be almost only a North American company."
The problem with that is that North America doesn't have growth capacity. China, already the world's largest auto market with a burgeoning middle class, does.
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