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.
As the European Union slaps more restrictive tariffs on EVs pouring in from China, Chinese automakers have found a workaround: they’ll just export hybrids instead, since hybrids of all varieties are ...
GM’s issues in China are no surprise to the automaker. The company lost $347 million in the region through Q3 of this year ...
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's Audi plant in San Jose Chiapa, Mexico, makes the Q5, employing just over 5,000 people. In the first half of 2024 ...
Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions ...
The poor performance of General Motors’ Chinese joint ventures is forcing the company to write down assets and take a ...
The automotive giant revealed that it will reduce the value of its equity stakes in the ventures by $2.6bn to $2.9bn.
Automakers in China are ramping up exports of hybrid vehicles to Europe and planning more models for the key market, exposing ...
In China, where not long ago Buick and Chevrolet were two of the most popular foreign brands, General Motors’ profits and market share have tumbled.