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 ...
The automotive giant revealed that it will reduce the value of its equity stakes in the ventures by $2.6bn to $2.9bn.
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 ...
Restructuring and maintaining the SAIC-GM joint venture is costing GM billions this year as sales continue to decline against ...
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 ...
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 ...
The poor performance of General Motors’ Chinese joint ventures is forcing the company to write down assets and take a ...
Bitcoin has crossed the $100,000-mark for the first time on Thursday. According to data provider CoinGecko, the total value ...
General Motors told shareholders on Wednesday that it would record two non-cash charges totaling more than $5 billion on its ...