"General Motors: Restructuring import business due to economic changes, still committed to sustained development in the Chinese market."

On May 15th, it was rumored that General Motors would dissolve its import car business in China. General Motors responded to the news by saying that Cadillac is a high-end import car platform used by General Motors to introduce iconic products. The sales of imported cars account for less than one thousandth of General Motors' total sales in China. Due to significant changes in the economic situation, the company has decided to restructure the import business of Cadillac and optimize General Motors' operations in China accordingly. General Motors emphasized that "General Motors is committed to continuous development in the Chinese market and will continue to work with partners to drive the success of joint ventures. In order to maintain sustainable business development, we must focus on strong execution, business flexibility, and customer choice."