The poor performance of General Motors’ Chinese joint ventures is forcing the company to write down assets and take a ...
Automakers such as General Motors are beginning to fall behind as Chinese automakers stretch ahead in sales, appealing to consumers wanting EV and hybrid vehicles.
Tesla shares jumped 28-percent in the first week after Donald Trump's reelection, and this has since risen by 37-percent from ...
The charge marks the latest example of how global automakers are struggling in China as local consumers embrace electric ...
General Motors expects over $5 billion in non-cash charges and writedowns from restructuring its joint venture operations ...
General Motors told shareholders on Wednesday that it would record two non-cash charges totaling more than $5 billion on its ...
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 ...
Restructuring and maintaining the SAIC-GM joint venture is costing GM billions this year as sales continue to decline against ...
General Motors (GM) said Wednesday that it would record two non-cash charges totaling over $5 billion on its joint venture ...
General Motors announced Wednesday it will book more than $5 billion in losses and write-downs due to the restructuring of ...