It’s time for the automaker to seriously consider exiting its China business, Christopher S. Tang writes in a guest ...
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 announced that it sold more than 200,000 units in China during the month of November 2024, across its SAIC-GM and ...
Chinese automaker BYD is set record over 4 million units sold during the 2024 calendar year, with plans to up that total to ...
General Motors expects a restructuring of its joint venture operations with SAIC Motor in China to cost more than $5 billion ...
GM’s issues in China are no surprise to the automaker. The company lost $347 million in the region through Q3 of this year ...
GM’s CEO Mary Barra told Fortune in October that China’s EV price war “has become a race to the bottom with pricing and the ...
GM's profits and market share have tumbled, so much that, like other multinationals, the company's long-term presence in ...
The poor performance of General Motors’ Chinese joint ventures is forcing the company to write down assets and take a ...
GM and other U.S. automakers are struggling in China amid increasing domestic competition and changing consumer behavior ...
GM reported a $347 million loss from these ventures between Jan. and Sept., compared with a $353 million profit during the ...