Why General Motors Just Took A $5 Billion Hit In China
But car companies are global operators, and if you want an example of how intense this challenge is, look no further than ...
btimesonline2h
GM Announces Over $5 Billion in Write-Downs as China Operations Crumble
General Motors Co. announced Wednesday that it will record over $5 billion in non-cash charges as part of a sweeping ...
General Motors Takes $5 Billion Hit From Ailing China Business
The charge marks the latest example of how global automakers are struggling in China as local consumers embrace electric ...
GM is struggling so much in China, it had to announce massive charges to fix its business
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 ...
Losses in China lead to $5 billion charge for General Motors as it cuts the value of its assets
The poor performance of General Motors’ Chinese joint ventures is forcing the company to write down assets and take a ...
ictnews4h
GLOBAL INDIGENOUS: Fires devastating the Amazon
Around the world: Wildfires devastate Indigenous territories in the Brazilian Amazon, Indigenous enterprises take center ...
Volkswagen begs for its future as EV crisis sees company fight for survival: 20,000 furious workers facing redundancies gather as management pleads with them to ac…
Volkswagen has insisted major cuts are needed in Germany to respond to Chinese competition, something workers have described ...
GM to take more than $5 billion in charges on China operations
General Motors told shareholders on Wednesday that it would record two non-cash charges totaling more than $5 billion on its ...
Daily Wrap on MSN6h
Volkswagen strike halts production amid job-cutting fears
As promised, so they acted. On Monday, 2nd December, Volkswagen's German factories halted operations for several hours. This ...
German firms' China market sentiment falls to record low, survey shows
Business sentiment among German companies in China is at an all-time low, a German business lobby group said on Wednesday, as ...
EURACTIV9h
Brussels won’t delay combustion engine ban beyond 2035, Ribera warns
The European Commission is not considering delaying the ban on the sale of combustion engine cars in the EU after 2035, ...
Carsguide.com.au11h
New features coming to your Tesla: Tesla Model Y and Model 3 to get new software update to boost safety and in-car tech to end 2025
Tesla owners will get a virtual bag of goodies to end the year. The American electric car maker has announced its latest round of software updates for its vehicles this holiday period.