General Motors (GM) is set to close its plant in the northeastern of Shenyang, China as part of wider restructuring efforts in the Asian country, reported Reuters citing a company source.

General Motors is shuttering a factory in Shenyang, China, as part of a company restructuring. The closure comes as Chinese automakers gain market share, leading to restructuring charges for GM.

GM has announced the closure of the Norsom plant, officially known as SAIC-GM (Shenyang) Norsom Motors Co., Ltd., in Shenyang, Liaoning, China, this month. A source told Reuters that it’s part ...

DETROIT (Reuters) - General Motors is closing a plant this month in the northeastern Chinese city of Shenyang as part of the U.S. automaker's restructuring in China, according to a company source.

General Motors (GM) is closing its Shenyang manufacturing plant in northeastern China, a move that aligns with its broader restructuring strategy to navigate the shifting competitive landscape.

General Motors’ (GM) board has approved a 25% increase in common stock dividend, and a new $6bn share repurchase programme.

DETROIT (Reuters) - General Motors is closing a plant this month in the northeastern Chinese city of Shenyang as part of the U.S. automaker's restructuring in China, according to a company source. The ...