General Motors Takes $5 Billion Hit From Ailing China Business
The charge marks the latest example of how global automakers are struggling in China as local consumers embrace electric ...
EVs to get even cheaper as price war enters ‘knockout’ round
Not to be left out, Tesla this week announced further discounts and incentives inside China as it fights for market share ...
Why General Motors Just Took A $5 Billion Hit In China
Use precise geolocation data and actively scan device characteristics for identification. This is done to store and access ...
GM takes $5 billion hit from struggling business in China
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.
GM China to take $5B hit; ‘there will be no comeback story,’ expert says
GM’s issues in China are no surprise to the automaker. The company lost $347 million in the region through Q3 of this year ...
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 ...
China Just Showed Washington How It Plans to Fight the Next Trade War
Faltering U.S. industrial leadership has allowed China to take a harder trade stance as President-elect Donald Trump prepares ...
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Volkswagen CEO says it’s not a ‘fantasy world’ as 100,000 workers strike
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.
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GM to take more than $5 billion in charges on China operations
Volkswagen, while now the best-selling brand in China, is trying to deepen ties with Chinese partners, including SAIC, for EV ...
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GM sees $5 billion impact from restructuring in China
GM’s CEO Mary Barra told Fortune in October that China’s EV price war “has become a race to the bottom with pricing and the ...
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GM Announces Over $5 Billion in Write-Downs as China Operations Crumble
General Motors Co. announced Wednesday that it will record over $5 billion in non-cash charges as part of a sweeping ...
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 ...