General Motors and other foreign automakers are selling fewer cars and losing lots of money in China, where domestic electric ...
Volkswagen CEO Olivier Blume faced a huge booing crowd in Germany today, arguing that company isn’t operating in “a fantasy world” and that plants will be closing and jobs will be lost.
GM’s issues in China are no surprise to the automaker. The company lost $347 million in the region through Q3 of this year ...
Volkswagen's Audi plant in San Jose Chiapa, Mexico, makes the Q5, employing just over 5,000 people. In the first half of 2024 ...
JSW Group, which sells MG cars in India through a joint venture with China’s SAIC Motor, could establish an independent auto ...
Automakers such as General Motors are beginning to fall behind as Chinese automakers stretch ahead in sales, appealing to consumers wanting EV and hybrid vehicles.
Volkswagen, while now the best-selling brand in China, is trying to deepen ties with Chinese partners, including SAIC, for EV ...
The charge marks the latest example of how global automakers are struggling in China as local consumers embrace electric ...
The poor performance of General Motors’ Chinese joint ventures is forcing the company to write down assets and take a ...
But car companies are global operators, and if you want an example of how intense this challenge is, look no further than ...
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 ...