The SAIC-GM partnership began in the 1990s. Its deal expires in 2027, and it's unclear whether it will be renewed in the face ...
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 ...
China was once a profit centre for GM, but tougher competition from domestic brands is forcing it to declare a financial hit ...
General Motors Company (NYSE: GM) has recently disclosed in an 8-K filing with the Securities and Exchange Commission that its equity interest in SAIC General Motors Corporation Limited (SGM), a joint ...
General Motors CEO Mary Barra has said that China’s crowded market is a “race to the bottom”. For GM, it’s a contest that’s ...
General Motors faces a $5 billion hit in China due to writedowns and restructuring. Learn how GM plans to navigate market ...
General Motors Company (NYSE:GM) shares are trading lower on Wednesday after the company concluded that a material impairment ...
GM’s sales and market share has been gradually declining as competition in China increases from local automakers. The loss announced on Wednesday includes $US5 billion in restructuring costs and a ...
General Motors will have to take more than 5 billion dollars in charges and writedowns related to its troubled operations in China. This comes as GM tries to save its once-profitable company in the ...