General Motors withdraws 2.5 million faulty cars from China

The American manufacturer of cars General Motors and its joint Chinese enterprise Shanghai GM will withdraw 2.5 million cars in China because of the detected malfunction. The problem was with the built-in airbags of the Japanese manufacturer Takata Corp. In late October 2017, the first half of the defective imported cars Saab and Opel will be withdrew, and at the end of the year they will withdraw about 2 million cars Chevrolet and Buick. Massive withdrawals of cars will negatively affect the shares of the company General Motors.

Within a few days, the shares of General Motors fell by 1.1% and continue the negative movement based on this news. The trade will be available during the American session, from 13:40 to 20:00 (GMT).

The information and recommendations contained in this analytical document are published strictly for information purposes and are not considered as an offer to buy or sell the trading tools mentioned above and are not intended to motivate to perform certain transactions