GM China sales grew 40.6 percent to nearly 600,000 units during Q4 2024 quarter-on-quarter, but the announcement still ...

General Motors swung to a loss in the fourth quarter on huge charges related to China, but still topped profit and revenue expectations on Wall Street ...

General Motors (GM) has reported a loss of $2.96bn in the fourth quarter of 2024, a downturn from a profit of $2.1bn in the ...

GM is aiming to restore its profitability in the Chinese market in 2025 after facing three consecutive quarters of losses and ...

Rewind to about 15 years ago, and China was the holy grail for automakers. Its market was beginning to boom, and foreign automakers paired up with joint ventures to begin selling vehicles in hopes the ...

Investors should now anticipate more year-over-year improvements in GM's China operations during 2025, and for the business to become sustainable without more capital spent. General Motors managed ...

The automaker estimates its struggling China business will cost $5 billion, but it isn't giving up on the country yet.

General Motors Company (NYSE:GM) manufactures vehicles under world-famous brands such as Chevrolet, Buick, GMC, and Cadillac, along with Wuling and Baojun in China. The company operates through ...

Image source: Author. But General Motors isn't going to give up on China without a fight. Late in 2024, management announced the company would record two noncash charges totaling more than $5 ...

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 ...

It's a trend that's largely taken place since 2019, as you can see in the graphic below: But General Motors isn't going to give up on China without a fight. Late in 2024, management announced the ...