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.
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 ...
Detroit News3d
China restructuring hits GM 2024 profits, which beat Wall Street expectations
General Motors Co.'s net income of $6 billion last ... charges of $5 billion for changes to its joint-venture business in China and stopping robotaxi funding. As a result, it missed its annual ...
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 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 ...
Yahoo Finance3d
General Motors sees Q4 loss on China costs but exceeds expectations
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. Despite these setbacks ...
ABC News3d
General Motors swings to fourth quarter loss on charges related to China, but tops expectations
General Motors swung to a loss in the fourth quarter on huge charges related to China, but still topped profit and revenue expectations on Wall Street General Motors swung to a loss in the ...
Crain's Cleveland Business4h
Bernie Moreno, auto dealer turned senator, becomes key figure in Trump’s anti-EV crusade
Moreno competed for the GOP nomination in the 2022 Ohio Senate race Vance eventually won. After Trump endorsed Vance, Moreno ...