The automaker estimates its struggling China business will cost $5 billion, but it isn't giving up on the country yet.
China has been an important market for GM, second only to its U.S. operations. The company operates in China through a 50-50 joint venture with SAIC Motor Corp., called Shanghai General Motors ...
Then we thought it'd be the Springo EV. Now we know that the first electric vehicle developed by Shanghai General Motors, the partnership between GM and SAIC, will officially be called the Sail ...
General Motors swung to a loss in the fourth quarter on huge charges related to China, but still topped profit and revenue ...
General Motors Co.'s full year net income was down 41% from 2023 after losing $3 billion in the fourth quarter.
China remains a crucial market for GM, ranking second only to its U.S. operations. The automaker partners with SAIC Motor Corp. in a 50-50 joint venture in China called Shanghai General Motors ...
Restructuring charges led to a fourth-quarter net loss. The result marred what was a relatively strong year for GM.
GM has a 50-50 joint venture in China with SAIC Motor Corp. The joint venture is called Shanghai General Motors or SGM. SGM makes and sells Chevrolet, Buick, and Cadillac vehicles in the Chinese ...
China remains a crucial market for GM, ranking second only to its U.S. operations. The automaker partners with SAIC Motor Corp. in a 50-50 joint venture in China called Shanghai General Motors (“SGM”) ...