by Wolf Richter
GM tries to shrink itself out of trouble. And it shrinks where it wants to grow. But when will it stop before hitting zero? Ugly charts of GM’s global vehicle sales, by region.
GM announced this weekend that it would pull out of Australia, New Zealand, and Thailand, in line with its strategy to exit one market after another to shrink itself to higher profits, which has led to a stupendous downward spiral in vehicle sales.
It already pulled out of Europe, once its second-largest market, by selling Opel and Vauxhall, and its vehicle sales there have collapsed to zero. And while it was at it, it shut down its operations in Russia, India, and South Africa, all in 2017.