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GM, China
GM to take more than $5 billion in charges on China operations
DETROIT, Dec 4 (Reuters) - General Motors (GM.N) told shareholders on Wednesday that it would record two non-cash charges totaling more than $5 billion on its joint venture in China, one related to the restructuring of the operation and another reflecting its reduced value.
GM to take $5 billion in charges for changes to China business
GM and other U.S. automakers are struggling in China amid increasing domestic competition and changing consumer behavior there.
GM Sees $5 Billion Hit to Revamp Its Troubled China Business
General Motors Co. will incur more than $5 billion in charges and writedowns tied to its troubled operations in China as the automaker tries to salvage its once-profitable business in the world’s largest car market.
20h
on MSN
GM’s Moment of Truth in China Has Arrived
Facing intense pressure from other EV makers, GM should seriously consider exiting its China business, Christopher S. Tang ...
2d
on MSN
GM exec reveals shocking plan if US EPA regulations change
That is the plan we’re still executing,” she told the Times. In response to the consumer and regulatory environment that GM ...
LAist on MSN
9h
This little electric car made history. 25 years ago, GM stopped making it
The EV1 was the first modern, mass-produced electric vehicle from a major automaker — pioneering some technologies you can ...
3d
on MSN
GM Takes $5B Hit to Restructure Struggling China Ventures
GM reported a $347 million loss from these ventures between Jan. and Sept., compared with a $353 million profit during the ...
GM Authority
2h
Another GM Trademark Provides Clue For Cadillac Launch In Brazil
GM Authority has uncovered a GM trademark application that provides yet another clue on the forthcoming launch of the ...
1d
on MSN
49ers GM John Lynch responds to Kyle Shanahan trade rumors
San Francisco is 5-7 and appears to be at something of a crossroads in its championship window due to aging players and ...
1d
Unamused 49ers GM: Cool it with Kyle Shanahan 'hot seat' talk
A late strike from Ademola Lookman secured Atalanta a hard-fought 2-1 win over AC Milan on Friday, lifting the hosts to the ...
GM Authority
1d
GM Sold More Than 1.4 Million Wuling MINI EV Units In China
SAIC-GM-Wuling sold its 1.4-millionth Wuling MINI EV unit in China in November 2024, maintaining its leadership in the new ...
3d
on MSN
GM warns Wall Street of a $5 billion hit it expects to take from losses in China
In a government filing Wednesday, General Motors indicated its investment in its operations in China have devalued by $5 ...
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