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 level of subsidies.” Barra explained that low-cost loans enable some companies to sell cars at a loss, which puts pressure on foreign automakers like GM.
US automaker General Motors says it will take a 5 billion-dollar charge to restructure and write down the value of its China ...
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 ...
GM reported a $347 million loss from these ventures between Jan. and Sept., compared with a $353 million profit during the ...
General Motors is selling its stake in the nearly completed Ultium Cells battery cell plant in Lansing, Michigan, to its ...
The Star recently sat down with GM Canada president and managing director Kristian Aquilina and talked his first impressions ...
It might seem like U.S. President-elect Donald Trump’s plan to gut automotive emissions restrictions and fuel-efficiency ...
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