Volkswagen, SAIC extend partnership to 2040
The joint venture will focus on product, production and decarbonization initiatives, including an accelerated electrification ...
GM warns Wall Street of a $5 billion hit it expects to take from losses in China
General Motors will record a total of nearly $5 billion in non-cash charges against its fourth-quarter net income because of its struggling operations in China, the company said Wednesday in a ...
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Chinese global vehicle sales rise 12% in November
Global sales of Chinese-made vehicles rose by almost 12% to a record monthly high of 3.316 million units in November 2024 ...
Volkswagen CEO Blume touts cost cuts, new strategy for China
China’s ultra-competitive autos market and the rapid transition to EVs have caught foreign carmakers such as VW and General ...
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SAIC Motor-backed Haitong Taicang Auto Terminal begins operation
Shanghai (Gasgoo)- On December 12, 2024, the Haitong Taicang Automobile Terminal, a collaborative project by SAIC Motor, Shanghai International Port (Group) Co., Ltd. ("SIPG"), and Jiangsu Port ...
GM expects more than $5 billion impact from China restructuring, including plant closures
General Motors expects a restructuring of its joint venture operations with SAIC Motor Corp. in China to cost more than $5 ...
General Motors is taking a $5 billion-plus hit on its operations in China
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 ...
What’s good for China has been very bad for General Motors | Analysis
GM's profits and market share have tumbled, so much that, like other multinationals, the company's long-term presence in ...
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SAIC Motor Malaysia pledges to improve road safety in ASEAN region, collaborates with transport ministry
SAIC Motor Malaysia recently held a pledge ceremony in partnership with the ministry of transport to reaffirm its commitment ...