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GM faces declining sales and price wars in largest markets

July 31, 2019

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DETROIT — General Motors investors will see on Thursday how the Detroit carmaker is weathering declining sales and mounting price pressures in its largest markets when it reports second-quarter earnings.

Slumping industry demand in China, the world’s largest auto market, and an escalating price war in the lucrative U.S. pickup truck segment are ratcheting up the pressure on GM. Other automakers, including U.S. rival Ford Motor Co. and Germany’s Daimler AG, offered disappointing forecasts last week.

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