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 faces a $5 billion hit as it scrambles to adapt to China's electric vehicle revolution and fierce competition from local ...
GM announced that it sold more than 200,000 units in China during the month of November 2024, across its SAIC-GM and ...
GM's operations in China, primarily via its two joint ventures SAIC-GM and SAIC-GM-Wuling, used to be very profitable.
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 ...
In a government filing Wednesday, General Motors indicated its investment in its operations in China have devalued by $5 ...
GM’s issues in China are no surprise to the automaker. The company lost $347 million in the region through Q3 of this year ...