GM CEO Mary Barra Weighs Pivot to Luxury Cars in China to Counter Profit Slump

General Motors Co. is mulling a shift from mainstream models in China by focusing primarily on luxury vehicles as it struggles to bounce back from years of declining sales and profits in the world’s largest car market.

While GM still sees a role for itself in China’s increasingly competitive market, Chief Executive Officer Mary Barra said Thursday that her company has to reverse its downward trajectory in the country.