GM and other U.S. automakers are struggling in China amid increasing domestic competition and changing consumer behavior there.
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General Motors to Take $5 Billion Charge on China Business
The charge marks the latest example of how global automakers are struggling in China as local consumers embrace electric vehicles from homegrown brands.
G.M.’s Ailing China Business Will Deal It a $5 Billion Blow
General Motors and other foreign automakers are selling fewer cars and losing lots of money in China, where domestic electric and hybrid cars have taken off.
China is better prepared for Trump’s second term and will ‘fight back wherever possible’: Former PLA officer
Zhou Bo of Tsinghua University, also Former Senior Colonel (Ret.) of China’s PLA discusses China’s opinion of a second Trump term.
GM expects more than $5 billion impact from China restructuring
General Motors expects a restructuring of its joint venture operations with SAIC Motor Corp. in China to cost more than $5 billion.
GM signals more trouble for China’s auto market with $5 billion-plus in impairment charges and write-downs
General Motors Co.’s stock slid 2.9% early Wednesday as the auto giant’s joint-venture in China booked more than $5 billion in impairment charges and write-downs in the face of competitive price wars in that market.
Tesla EV sales plummet in Australia as China brands grow
Tesla’s Australian electric vehicle sales remain in free fall after November became the eighth-straight month of year-on-year sales decline for Elon Musk’s autogiant amid a growing wave of competition …
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…
How China Benefits From Chaos in US-Allied South Korea
Seoul’s withdrawal from the nascent trilateral security alliance with the U.S. and Japan could strengthen China’s hand in the region.
GM expects more than $5 billion impact from China restructuring, including plant closures
General Motors expects a restructuring of its joint venture operations with SAIC Motor Corp. in China to cost more than $5 billion in charges and writedowns. The restructuring charges for the “SGM” joint venture are…
GM Sees $5 Billion Hit to Restructure Troubled China Business
General Motors Co. will incur more than $5 billion in charges and writedowns tied to its troubled operations in China as the automaker tries to salvage its once-profitable business in the world’s …
Losses in China lead to $5 billion charge for General Motors as it cuts the value of its assets
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 y …
China losses force General Motors to take over $5B in charges to restructure and cut asset values
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 …
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