GM faces a $5 billion hit as it scrambles to adapt to China's electric vehicle revolution and fierce competition from local ...
Partnerships, job cuts, restructuring in China and dumping Cruise's robotaxi fleet signal that GM is hyperfocused on cost controls going into 2025.
General Motors and other foreign automakers are selling fewer cars and losing lots of money in China, where domestic electric ...
GM has lost money in China for three consecutive quarters, with its sales in the country falling 18 percent in the first nine ...
GM said it would write down the value of its joint venture with China's SAIC Motors by as much as $2.9 billion and incur ...
Chinese automaker BYD is set record over 4 million units sold during the 2024 calendar year, with plans to up that total to ...
GM's profits and market share have tumbled, so much that, like other multinationals, the company's long-term presence in ...
Facing intense pressure from other EV makers, GM should seriously consider exiting its China business, Christopher S. Tang ...
Plus, Infiniti lets its dealerships move in with Nissan in a bid to survive, and GM is taking an over-$5 billion hit in China ...
The charge marks the latest example of how global automakers are struggling in China as local consumers embrace electric ...
Hybrid technology will be key for the European expansion of Chinese EV giant BYD amid soft demand for fully-electric vehicles ...