General Motors Company (NYSE:GM) stated its commitment to establishing a profitable and self-sustaining operation in China despite the intense competition from local brands. “We’re committed to maintaining cash stability there at a point where it’s self-sustaining. That means not needing any capital from outside,” company CFO Paul Jacobson said yesterday at an auto conference organized by J.P. Morgan, reported Reuters. Global automakers have faced challenges in gaining traction in China. Investors continue scrutinizing the company over its China operations. It’s less a profit driver and more o…
