China restructuring hits GM 2024 profits, which beat Wall Street expectations
General Motors Co.'s full year net income was down 41% from 2023 after losing $3 billion in the fourth quarter.
GM's Adjusted Earnings Top Estimates After Billions in China, Cruise Charges
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 ...
Business Times4d
China’s 10% tariffs on US cars hits GM, Ford and Mercedes SUVs
CHINA’S 10 per cent additional tariff on vehicles with larger engines imported from the US took effect on Monday (Feb 10) as ...
US-China Tariff War Hits GM, Ford, Mercedes SUVs
China's 10% additional tariff on vehicles with larger engines imported from the US took effect Monday as the two countries ...
Yahoo Finance16d
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 ...
USA Today14d
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 ...
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 ...