General Motors CEO Mary Barra has said that China’s crowded market is a “race to the bottom”. For GM, it’s a contest that’s left the carmaker saddled with losses and rethinking its options.
SAIC-GM-Wuling (SGMW) has just announced that Wuling MINI EV sales have surpassed the 1.4-million mark in China. General Motors’ second joint venture in China officially announced that 1.4 ...
In China, where not long ago Buick and Chevrolet were two of the most popular foreign brands, General Motors’ profits and market share have tumbled. (REUTERS) General Motors Co. Chief Executive ...
BEIJING: Iron ore futures prices slid on Thursday as investor sentiment was dampened after state media in top consumer China emphasized qualitative improvements ahead of a long-anticipated meeting ...
This post was written by Naomi Buchanan. General Motors' China woes pose near-term concerns. But its long-term outlook is bright on U.S. market strength, cost discipline, solid finances and EV ...
China was once a profit centre for GM, but tougher competition from domestic brands is forcing it to declare a financial hit as it restructures its local operation.
DETROIT — The poor performance of General Motors’ Chinese joint ventures ... year net profit of $10.4 billion to $11.1 billion. China has become an increasingly difficult market for foreign ...
General Motors has taken a loss of more than US$5 billion (~A$7.7bn) on its Chinese operations as domestic brands there rise in popularity and foreign carmakers struggle.