GM Takes $5B Hit to Restructure Struggling China Ventures
GM reported a $347 million loss from these ventures between Jan. and Sept., compared with a $353 million profit during the ...
GM to record over USD 5 billion in charges on struggling China operations
U.S. automakers are struggling in the world's largest car market and General motors (GM) has announced another plan to write ...
btimesonline2h
GM Announces Over $5 Billion in Write-Downs as China Operations Crumble
General Motors Co. announced Wednesday that it will record over $5 billion in non-cash charges as part of a sweeping ...
Tesla's November China EV Sales Drop 4.3% as BYD Hits New High
Tesla Inc. ( TSLA, Financial) announced a 4.3% year-over -year decline in November China-made EV sales to 78,856 units, as ...
General Motors to Take $5 Billion Charge on China Business
The charge marks the latest example of how global automakers are struggling in China as local consumers embrace electric ...
BYD Partners With TAILG to Produce Better Electric Bike Batteries
BYD, one of China’s leading battery manufacturers, has partnered with TAILG, a major producer of electric bikes. This ...
GM is struggling so much in China, it had to announce massive charges to fix its business
China, once GM’s largest and most important market, has become its biggest problem. General Motors told shareholders on Wednesday that it would record two non-cash charges totaling more than $5 ...
G.M.’s Ailing China Business Will Deal It a $5 Billion Blow
General Motors and other foreign automakers are selling fewer cars and losing lots of money in China, where domestic electric ...
Sun City West Independent4h
Losses in China lead to $5 billion charge for General Motors as it cuts the value of its assets
The poor performance of General Motors' Chinese joint ventures is forcing the company to write down assets and take a ...
China's BYD poised to silently dominate Indian EV market as local carmakers adopt its latest blade batteries
India's largest automobile manufacturer Maruti Suzuki last month revealed its first electric SUV, e Vitara, in Italy where ...
Hybrids are the latest trick for Chinese automakers seeking higher profits and global expansion
China is the world's largest EV market, but battery-electric pioneers are turning to hybrids in a drive to boost sales abroad ...
electrive4h
BYD enters into cooperation for electric two-wheelers
The vehicle and battery manufacturer BYD has entered into a cooperation agreement with TAILG, a Chinese manufacturer of ...