General Motors expects to take a hit of more than $5 billion on its struggling China business. The automaker said it would write down the value of its Chinese operations by as much as $2.9 billion. GM ...
General Motors (GM) is halting the export of some U.S. vehicles to China. The Detroit-based automaker had been doing so through the Durant Guild, a "lifestyle platform" that the Detroit-based ...
General Motors late last week informed employees and dealers for its China export business it would stop shipping vehicles to China from the United States, the company said. The move comes as the ...
Some analysts say only 20 per cent of cars sold in China will be fuel-powered by 2030. EV makers are targeting less affluent ...
Hyundai Motor will unveil a China-dedicated Ioniq EV at Auto China 2026, set to kick off on Friday, aiming to catalyze a long ...
Ford is preparing a $30,000 electric pickup that hinges on a bold claim: it can build the world’s cheapest EV motors and bolt them into a truck that ordinary buyers can actually afford. The strategy ...
China has been an important market for General Motors (GM), second only to its U.S. operations. The company operates in the country through two major joint ventures — SAIC-GM (which sells Chevrolet, ...
The poor performance of General Motors' Chinese joint ventures is forcing the company to write down assets and take a restructuring charge totaling more than $5 billion in the fourth quarter of this ...
General Motors (NYSE:GM) expects to record two non-cash charges of more than $5B on its joint venture in China, the automaker said in a regulatory filing on Wednesday. The Detroit automaker partners ...