GM China sales grew 40.6 percent to nearly 600,000 units during Q4 2024 quarter-on-quarter, but the announcement still ...
GM is aiming to restore its profitability in the Chinese market in 2025 after facing three consecutive quarters of losses and ...
The good news for GM investors is that the company isn't exiting China without a fight. GM took a $5 billion restructuring ...
General Motors swung to a loss in the fourth quarter on an increasingly difficult environment in China, but still topped profit and revenue expectations on Wall Street. The automaker is also ...
Last month, GM warned Wall Street that it would record a total of $4.1 billion in non-cash charges against its fourth-quarter net income because of its struggling operations in China. GM said the ...
Without the charges in China, adjusted operating profit was a record $14.9 billion, up 21% from 2023, for the year, and for the quarter, it was $2.5 billion, up 43%. GM in December said it ...
China's heavy subsidies for its EV industry have caused headaches for foreign automakers. GM's results in China have been in decline for years. The company's fourth quarter in the country gives ...