The automotive giant revealed that it will reduce the value of its equity stakes in the ventures by $2.6bn to $2.9bn.

General Motors CEO Mary Barra has said that China’s crowded market is a “race to the bottom”. For GM, it’s a contest that’s ...

The SAIC-GM partnership began in the 1990s. Its deal expires in 2027, and it's unclear whether it will be renewed in the face ...

In China, where not long ago Buick and Chevrolet were two of the most popular foreign brands, General Motors’ profits and market share have tumbled.

GM’s sales and market share has been gradually declining as competition in China increases from local automakers. The loss announced on Wednesday includes $US5 billion in restructuring costs and a ...

General Motors said on Thursday its Chinese joint ventures have seen strong sales growth for a fifth straight month in ...

General Motors faces a $5 billion hit in China due to writedowns and restructuring. Learn how GM plans to navigate market ...

The poor performance of General Motors’ Chinese joint ventures is forcing the company to write down assets and take a ...

The charge marks the latest example of how global automakers are struggling in China as local consumers embrace electric ...

Bitcoin has crossed the $100,000-mark for the first time on Thursday. According to data provider CoinGecko, the total value ...

China was once a profit centre for GM, but tougher competition from domestic brands is forcing it to declare a financial hit ...

General Motors (GM) said Wednesday that it would record two non-cash charges totaling over $5 billion on its joint venture ...