General Motors Stock Has One Major Drawback

General Motors (NYSE: GM) turned in a strong 2024 on the back of rising sales. In fact, Detroit's largest automaker consistently topped Wall Street estimates and raised guidance while crosstown rival Ford Motor Company grappled with higher warranty costs. General Motors rewarded investors with a 48% gain in 2024, compared to Ford's 18% decline.That price performance suggests the stock is worthy of consideration going forward as well. But there's currently one major drawback to owning GM's shares: the company's woes in China.China's auto industry is in the midst of a brutal price war that has its roots in the industry's own prowess. Not only did a wave of Chinese automakers take over the domestic market, but a focus on electric vehicle (EV) technology proved key to the takeover. In fact, according to data from the China Passenger Car Association (CPCA), Chinese automakers account for roughly 70% of the Chinese market, up from about 38% as recently as five years ago.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool