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 ...
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 ...
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 ...
GM Authority1h
All-New 2026 Chevy Spark EUV Officially Unveiled In Mexico
Chevy Spark EUV was officially unveiled in Mexico, where it will go on sale as the brand’s most affordable zero-emission ...
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 ...