China was once a profit centre for GM, but tougher competition from domestic brands is forcing it to declare a financial hit ...
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 ...
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 ...
The charge marks the latest example of how global automakers are struggling in China as local consumers embrace electric ...
President-elect Donald Trump in late November pledged tariffs on the United States' three largest trading partners - Canada, ...
Automakers in China are ramping up exports of hybrid vehicles to Europe and planning more models for the key market, exposing ...
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.
Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions ...
GM’s issues in China are no surprise to the automaker. The company lost $347 million in the region through Q3 of this year ...
The poor performance of General Motors’ Chinese joint ventures is forcing the company to write down assets and take a ...
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.