Facing intense pressure from other EV makers, GM should seriously consider exiting its China business, Christopher S. Tang ...
GM’s issues in China are no surprise to the automaker. The company lost $347 million in the region through Q3 of this year ...
General Motors expects a restructuring of its joint venture operations with SAIC Motor Corp. in China to cost more than $5 ...
The noncash charges will reduce the company’s net income, but they will not affect adjusted pretax earnings, GM said in the filing with the U.S. Securities and Exchange Commission.
General Motors told shareholders on Wednesday that it would record two non-cash charges totaling more than $5 billion on its ...
China, once GM’s largest and most important market, has become its biggest problem. General Motors told shareholders on Wednesday that it would record two non-cash charges totaling more than $5 ...
In a government filing Wednesday, General Motors indicated its investment in its operations in China have devalued by $5 ...
GM and other U.S. automakers are struggling in China amid increasing domestic competition and changing consumer behavior ...
General Motors announced Wednesday it will book more than $5 billion in losses and write-downs due to the restructuring of ...
SAIC-GM-Wuling sold its 1.4-millionth Wuling MINI EV unit in China in November 2024, maintaining its leadership in the new ...
GM has a 50-50 joint venture in China with SAIC Motor Corp. — Shanghai General Motors — which makes and sells Chevrolet, ...
The poor performance of General Motors’ Chinese joint ventures is forcing the company to write down assets and take a ...