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GM China to take $5B hit

Newsweek on MSN · 13h

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 same period in 2023.

Bloomberg on MSN · 16h

GM Sees $5 Billion Hit to Revamp Its Troubled China Business

General Motors Co. will incur more than $5 billion in charges and writedowns tied to its troubled operations in China as the automaker tries to salvage its once-profitable business in the world’s largest car market.

GM China to take $5B hit; ‘there will be no comeback story,’ expert says

GM’s issues in China are no surprise to the automaker. The company lost $347 million in the region through Q3 of this year and saw sales slipping 19% through the same period compared to a year ago. China autos expert Michael Dunne of Dunne Insights believes the situation in China won’t improve and that GM might need to exit.

GM adds 132K Chevrolet, GMC trucks to previous recall

GM recalling 132K trucks: If you have one of these vehicles, bring it to your dealer ASAP

General Motors (GM) is recalling 132,037 trucks due to malfunctioning tailgates that unlatch without warning. GM’s recall affects several models, including the 2024 Chevrolet Silverado HD 2500, 3500, and 2024 GMC Sierra HD 2500, 3500 vehicles, according to the National Highway Traffic Safety Administration.

GM adds 132K Chevrolet, GMC trucks to previous recall for tailgate problem

The recall is necessary because of a defect that can allow for water to get into the electronic gate release switches, which can then cause the tailgate to open unexpectedly. If that happens, cargo in the truck bed could fall out,

Zacks.com on MSN · 13h

General Motors Recalls 132K Trucks Due to Tailgate Defect

General Motors Company GM is recalling more than 132,000 trucks with power-unlatching tailgates, per the National Highway Traffic Safety Administration (NHTSA). Per the NHTSA notice, the recall stems from the possibility of the tailgate's electronic release switch short-circuiting because of water exposure,

7hon MSN

GM warns Wall Street of a $5 billion hit it expects to take from losses in China

In a government filing Wednesday, General Motors indicated its investment in its operations in China have devalued by $5 ...

1hon MSN

GM Recalls Over 130,000 Pickups For Wonky Tailgates That Could Open On Their Own

GM says that water can come in contact with the tailgate's electronic release switch and cause a short circuit ...

14hon MSN

GM sounds warning on troubled China market, the latest carmaker to do so

General Motors Co.’s stock slid 2.9% early Wednesday as the auto giant’s joint-venture in China booked more than $5 billion ...

GM Spurred CarBravo Used Vehicle Sales By Offering Cheap Barbie Dream Cars

GM and CarBravo collaborated with the McCann MRM marketing to create a unique campaign leveraging the iconic Barbie Dream Car ...

1d

Why GM could suffer under Trump policies to ‘save’ Detroit automakers

It might seem like U.S. President-elect Donald Trump’s plan to gut automotive emissions restrictions and fuel-efficiency ...

8hon MSN

If Trump relaxes regulations, GM may offer fewer hybrids, EVs, CFO says

GM CFO Paul Jacobson told Wall Street the company has war gamed different scenarios, but doesn't want to overreact.

3h

What does GM’s decision to sell its battery plant stake reveal about EV demand?

Patrick Anderson the Principal and CEO of Anderson Economic Group explains market realities that are shifting the auto ...

7hon MSN

GM Stock Falls on Chinese Write-Off. It’s a Warning for American Car Makers.

General Motors will take more than $5 billion in one-time charges in the fourth quarter related to a struggling Chinese joint ...

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