The automaker estimates its struggling China business will cost $5 billion, but it isn't giving up on the country yet.
GM finally made EVs "variable profit positive," meaning the EVs revenue cover the costs to make them. Here are the goals for 2025.
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 (GM) is scheduled to announce Q4 earnings on Tuesday, January 28th, before the market opens, with analysts expecting a double-digit growth in pro
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
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 ...
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 taking a proactive approach with the United States government on regulations and doling out generous profit-sharing payouts to thousands of workers.
This story incorporates reporting fromBenzinga.com, The Associated Press - Business News on MSN.com and The Wall Street Journal on MSN.com.General Motors reported a fourth-quarter loss attributed primarily to $5 billion in charges connected to its operations in China and difficulties in its robotaxi business.
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 plans.
Last month the vehicle manufacturing giant warned that the poor performance of its Chinese joint ventures would force it to write down assets.
What U.S. vehicles are built in China? There has been much handwringing over whether Chinese automakers should be allowed other sell cars in the U.S. But many buyers don't know that five 2025 vehicles available at U.