Top BofA auto analyst says Detroit automakers need to exit China as soon as possible

General Motors, Ford Motor and Stellantis should exit the Chinese market “as soon as they possibly can,” Bank of America’s top automotive analyst said Tuesday. The rise of local Chinese automakers, such as BYD and Geely, has put growing pressure on the companies. President Joe Biden announced last month that his administration would quadruple tariffs on China-made electric vehicles.
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