In the first nine months of 2024, GM reported losses of $347 million in its Chinese joint venture with SAIC Motor, a ...
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 ...
SAIC-GM-Wuling sold its 1.4-millionth Wuling MINI EV unit in China in November 2024, maintaining its leadership in the new ...
Facing intense pressure from other EV makers, GM should seriously consider exiting its China business, Christopher S. Tang ...
General Motors will take more than $5 billion in one-time charges in the fourth quarter related to a struggling Chinese joint ...
GM’s CEO Mary Barra told Fortune in October that China’s EV price war “has become a race to the bottom with pricing and the ...
The automotive giant revealed that it will reduce the value of its equity stakes in the ventures by $2.6bn to $2.9bn.
China, once GM’s largest and most important market, has become its biggest problem. General Motors told shareholders on Wednesday that it would record two non-cash charges totaling more than $5 ...
GM is restructuring its joint venture operations with SAIC Motor Corp. in China, which will cost the automaker more than $5 ...
General Motors (GM) revealed in a regulatory filing on December 4 that it is facing over US$5 billion in charges due to poor performance in its Chinese joint ventures ...
GM’s issues in China are no surprise to the automaker. The company lost $347 million in the region through Q3 of this year ...
In a government filing Wednesday, General Motors indicated its investment in its operations in China have devalued by $5 ...