GM posts $2.96 billion loss on China-related charges
The automaker estimates its struggling China business will cost $5 billion, but it isn't giving up on the country yet.
General Motors Company (NYSE:GM) shares are trading lower in the premarket session on Tuesday. The automotive behemoth reported adjusted earnings per share of $1.92 in the fourth quarter, beating the street view of $1.
General Motors strong profit and revenue outshine hefty charges tied to China.
General Motors posted better fourth quarter revenue and adjusted earnings than analysts had expected, as it recorded billions in one-time charges because of recent changes to the automaker's business plans.
Last month the vehicle manufacturing giant warned that the poor performance of its Chinese joint ventures would force it to write down assets.
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 (GM) is scheduled to announce Q4 earnings on Tuesday, January 28th, before the market opens, with analysts expecting a double-digit growth in pro
General Motors swung to a loss in the fourth quarter on an increasingly difficult environment in China, but still topped profit and revenue expectations on Wall Street
What U.S. vehicles are built in China? There has been much handwringing over whether Chinese automakers should be allowed other sell cars in the U.S. But many buyers don't know that five 2025 vehicles available at U.
According to the recently published annual report, General Motors is making progress with the cost structure of its electric cars. Sales of electric vehicles
EV manufacturers are driving the EV revolution forward, fueled by rising consumer demand, technological progress, and regulatory backing, positioning the sector as a promising investment opportunity.