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

General Motors Co.'s full year net income was down 41% from 2023 after losing $3 billion in the fourth quarter.

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 ...

Key Takeaways General Motors posted a surprise net loss for the fourth quarter, but its revenue and adjusted earnings per share beat estimates.The automaker posted billions in one-time charges for ...

General Motors (GM) is shuttering a factory this month in the northeastern Chinese city of Shenyang as part of the company’s restructuring in ...

China's 10% additional tariff on vehicles with larger engines imported from the US took effect Monday as the two countries ...

The good news for GM investors is that the company isn't exiting China without a fight. GM took a $5 billion restructuring ...

China’s 10% additional tariff on vehicles ... that companies including General Motors Co. produce locally with joint venture partners. Manufacturers shipped about $3.1 billion worth of vehicles ...

GM Reports $5B in China JV Restructuring, Cruise Shutdown Charges The loss was caused by $5 billion in special charges, including a $4 billion hit due to restructuring its Chinese joint venture.

GM’s China business, primarily a joint venture with state-owned automaker SAIC Motor, is now losing the carmaker millions of dollars a quarter, as EV players like Elon Musk’s Tesla and local ...