| Autor: |
Jacob, Denny (AUTHOR), Otts, Christopher (AUTHOR) |
| Předmět: |
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| Zdroj: |
Wall Street Journal - Online Edition. 12/5/2024, pN.PAG-N.PAG. 1p. |
| Abstrakt: |
General Motors is facing a $5 billion hit from its struggling China business, leading to plant closures and a reduction in models offered. The company will write down the value of its stake in partnerships with China's SAIC Motor by nearly half, reflecting a dimmer outlook for the business. GM has been losing money in China this year, a stark contrast to past profitability, as Chinese companies like BYD gain market share with affordable and tech-forward vehicles. Despite challenges, GM's CEO Mary Barra remains committed to making the China business sustainable and profitable by 2025. [Extracted from the article] |
| Databáze: |
Regional Business News |
| Externí odkaz: |
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