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 ...
GM’s sales and market share has been gradually declining as competition in China increases from local automakers. The loss announced on Wednesday includes $US5 billion in restructuring costs and a ...
GM is looking at axing specific models, turning brands like Buick – once the preferred car of the Chinese emperor in the 1920s – from a household name into a minor player.