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.
GM’s China Moves Hit Bottom Line
Restructuring charges led to a fourth-quarter net loss. The result marred what was a relatively strong year for GM.
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.
Bill McEwen1d
General Motors Swings to 4th Quarter Loss on Toughing China Conditions
GM faces China setback but beats expectations, offers generous profit-sharing to workers, and navigates U.S. regulations.
General Motors Q4 Earnings: Revenue And EPS Beat, Takes $5 Billion Hit On China & Robotaxi Woes
General Motors Company (NYSE:GM) shares are trading lower in the premarket session on Tuesday. The automotive behemoth ...
GM's Adjusted Earnings Top Estimates After Billions in China, Cruise Charges
General Motors posted better fourth quarter revenue and adjusted earnings than analysts had expected, as it recorded billions in one-time charges because of recent changes to the automaker's business ...
General Motors Q4 results on deck: Analysts expect double-digit profit growth, tariff talks in focus
General Motors (GM) is scheduled to announce Q4 earnings on Tuesday, January 28th, before the market opens, with analysts ...
General Motors says making ‘good progress’ in China
Expects to forecast $1B in annual run rate savings from ending Cruise robo-taxi program. Says Cruise employees to be fully integrated into the ...
General Motors Stock Has One Major Drawback
In fact, Detroit's largest automaker consistently topped Wall Street estimates and raised guidance while crosstown rival Ford ...
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 ...