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.
The poor performance of General Motors’ Chinese joint ventures is forcing the company to write down assets and take a ...
Restructuring and maintaining the SAIC-GM joint venture is costing GM billions this year as sales continue to decline against ...
General Motors is taking a hard look at its struggling Chinese operations, with plans to restructure its joint venture with ...
The partnership with Bain Capital marks a significant step in WTW’s efforts to reestablish a presence in the treaty ...
GM reported a $347 million loss from these ventures between Jan. and Sept., compared with a $353 million profit during the ...
The partnership aims to convert in locations such as New York City, Washington, D.C., Boston, Charlotte, Raleigh and more.
GM expects restructuring its joint venture with SAIC to result in a $5 billion hit. It expects this move to improve its China business in 2025 ...
GM and other U.S. automakers are struggling in China amid increasing domestic competition and changing consumer behavior ...
General Motors Co.’s stock slid 2.5% early Wednesday as the auto giant’s joint-venture in China booked more than $5 billion in impairment charges and write-downs in the face of competitive price wars ...
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