GM reaffirms commitment to China operations amid rising competition

General Motors Co. signage is displayed inside the Renaissance Center, the company's world headquarters complex in Detroit, Michigan, U.S. /CFP

General Motors (GM) reaffirmed its commitment on Thursday to building a profitable and self-sustaining operation in China, despite facing significant competition from local brands.

The announcement, made by GM CFO Paul Jacobson at a J.P. Morgan auto c