GM warns on US market as carmakers seek ‘safe haven’ from Chinese rivals

General Motors is signaling heightened caution regarding the US market as it braces for increased competition from Chinese carmakers looking to expand their presence in America. In response, GM plans to continue cutting costs and focusing on developing more affordable electric vehicles to maintain its competitive edge. This strategic pivot underscores the broader industry trend where US carmakers are seeking to secure their market share against a backdrop of growing global competition, particularly from China, which is rapidly advancing in the EV sector.