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 billion on its joint venture in China, one related to the restructuring of the operation and another reflecting its reduced value.
EVgo, GM
The charge marks the latest example of how global automakers are struggling in China as local consumers embrace electric ...
GM reported a $347 million loss from these ventures between Jan. and Sept., compared with a $353 million profit during the ...
Restructuring and maintaining the SAIC-GM joint venture is costing GM billions this year as sales continue to decline against ...
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The poor performance of General Motors' Chinese joint ventures is forcing the company to write down assets and take a ...
General Motors has expanded its recall for heavy-duty Chevrolet Silverado and GMC Sierra pickup trucks due to an issue with ...
Some interpret this as another sign GM is pulling back on EVs, but that's not the case. In this video, Travis Hoium shows why this is a simple business model shift from GM and makes a lot of sense for ...
Auto giant General Motors warned in government filings on Wednesday that it will take a $5 billion hit in the fourth quarter ...
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