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 ...
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 ...
General Motors Co.’s stock slid 2.5% early Wednesday as the auto giant’s joint-venture in China booked more than $5 billion in impairment charges and write-downs in the face of competitive price wars ...