GM loses its golden goose in China

With a slowing market fuelling a price war between local brands, the party for foreign carmakers looks over for now

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Japan's Nissan reshuffles management to fix its money-losing business

Embattled Japanese automaker Nissan has tapped Jeremy Papin as its chief operating officer in a major management reshuffle billed as key to a turnaround
ABC News - 1h
Here’s how much of a hit Microsoft is taking on its investment in GM’s Cruise

Microsoft warned investors it will book an impairment charge in its fiscal second quarter related to its investment in GM’s Cruise robotaxi unit back in 2021.
MarketWatch - 3h
GM to Shut Down Its Cruise Robotaxi Project

The company said it would now focus its efforts on developing fully autonomous vehicles for personal use.
The New York Times - 8h
GM expects more than $5 billion impact from China restructuring, including plant closures

General Motors expects a restructuring of its joint venture operations with SAIC Motor in China to cost more than $5 billion in noncash charges and write-downs.
CNBC - Dec. 4
GM takes more than $5bn charge against China businesses

Move lays bare declining future in what was once the US carmaker’s largest market
Financial Times - Dec. 4
GM sounds a warning on troubled China market, becoming latest carmaker to do so

GM’s 50-50 joint venture with SAIC Motor Corp. faces ‘market challenges and competitive conditions.’
MarketWatch - Dec. 4
GM expects more than $5 billion impact from China restructuring

General Motors expects a restructuring of its joint venture operations with SAIC Motor Corp. in China to cost more than $5 billion.
NBC News - Dec. 4
Saudi Arabia Is Losing Its Iron Grip on Global Oil Markets

Rising U.S. production and internal OPEC+ pressure limit the kingdom’s sway over prices. Trump is a new wild card.
The Wall Street Journal - Dec. 4

GM loses its golden goose in China

Topics

Related

Japan's Nissan reshuffles management to fix its money-losing business

Here’s how much of a hit Microsoft is taking on its investment in GM’s Cruise

GM to Shut Down Its Cruise Robotaxi Project

GM expects more than $5 billion impact from China restructuring, including plant closures

GM takes more than $5bn charge against China businesses

GM sounds a warning on troubled China market, becoming latest carmaker to do so

GM expects more than $5 billion impact from China restructuring

Saudi Arabia Is Losing Its Iron Grip on Global Oil Markets

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