The writing was on the wall regarding GM’s (GM) woes in China, but now investors have some visibility into how dire the situation actually is. The news arrived as automakers like Ford (F ...
DETROIT (Reuters) -General Motors 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 ...
General Motors is recalling nearly 462,000 pickup trucks and big SUVs with diesel engines because the rear wheels can lock up, increasing the risk of a crash. The recall in the U.S. covers certain ...
Dec. 4 (UPI) --Auto giant General Motors warned in government filings on Wednesday that it will take a $5 billion hit in the fourth quarter because of its operations reconstruction in China.
General Motors is adding over 132,000 heavy-duty pickups in the U.S. to a previous recall for tailgate release switches that can short circuit and open the gates while the trucks are in park.
General Motors is set to take a hit of more than $5 billion on its operations in China amid an onslaught of competition from local rivals. The Detroit automaker said on Wednesday that it would ...
General Motors GM-2.39%decrease; red down pointing triangle said it expects to take more than $5 billion in noncash charges in the fourth quarter because of weakness in its China business that ...
It was the most reliable car he had ever driven — that's how Kris Trexler remembered his General Motors EV1. "It was just a car that I took home, plugged in at night, got up the next morning ...
GMNA's breakeven point of about 10 million-11 million units is drastically lower than it was under old GM. GM may have to see a US recession to prove it can do much better than old GM before the ...
The parent company to powerhouse brands such as Chevrolet and Cadillac was once a powerhouse in China’s booming car market. Now it has revealed a shocking ...
The ventures lost $347 million from January through September, compared with a profit of $353 million in the same period of 2023. Still, GM expects to post a full year net profit of $10.4 billion ...