GM’s China Partner SAIC Flags Steep Profit Plunge on Writedown
SAIC Motor Corp., the Chinese partner of General Motors Co., said preliminary profit for 2024 may plummet by as much as 90% due to a writedown of the US carmaker’s joint venture in the nation and a ...
GM’s 100-year-old China business can’t keep up with the EV boom there
The automaker estimates its struggling China business will cost $5 billion, but it isn't giving up on the country yet.
Chevy Unveils New Spark EV For South America, Courtesy Of China
Based on GM's Baojun, the new Chevrolet Spark EUV is expected to go on sale in the Brazilian market later this year ...
GM Authority1d
Chevy Spark EUV Teased In Eight South American Countries
The upcoming Chevy Spark EUV was simultaneously teased on Chevrolet social media platforms across South America, where the ...
GM Authority5d
Two-Tone 2025 Buick LaCrosse Selling Very Well
GM, the new two-tone 2025 Buick LaCrosse is contributing to a hefty increase in sales for the brand’s flagship sedan in China ...
Detroit Free Press17d
GM reports 2025 pretax profit of $14.9 billion; takes $4 billion charge on China struggles
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 ...
Yahoo Finance8d
GM’s 100-year-old China business can’t keep up with the EV boom there
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 ...