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VW Group and SAIC extend JV agreement period to 2040
Volkswagen Group and SAIC Motor have signed an extension of their joint venture agreement until the year 2040. By extending ...
Volkswagen, SAIC sell stakes in Xinjiang plant
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Losses in China lead to $5 billion charge for General Motors as it cuts the value of its assets
The poor performance of General Motors’ Chinese joint ventures is forcing the company to write down assets and take a ...
Losses in China lead to $5B charge for General Motors as it cuts assets value
The poor performance of General Motors’ Chinese joint ventures is forcing the company to write down assets and take a ...
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 ...
GM Taking More Than $5B Hit on Joint Venture in China
General Motors said in a regulatory filing that it will incur more than $5 billion in non-cash charges and write-downs ...
Losses in China lead to $5-billion charge for General Motors
The poor performance of General Motors’ Chinese joint ventures is forcing the company to write down assets and take a ...
Electrek7h
GM sees $5 billion impact from restructuring in China
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 ...
GM to take more than $5 billion in charges on China operations
General Motors told shareholders on Wednesday that it would record two non-cash charges totaling more than $5 billion on its ...
TweakTown18h
NVIDIA's new Thor chip for smart EVs picked up by BYD, SAIC Motors, other Chinese EV companies
NVIDIA is reportedly working on Thor: its next-gen chip for EVs of the future, with Chinese EV makers like BYD, SAIC Motors, ...
GM is struggling so much in China, it had to announce massive charges to fix its business
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 ...
General Motors Takes $5 Billion Hit From Ailing China Business
The charge marks the latest example of how global automakers are struggling in China as local consumers embrace electric ...