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Major American Automaker To Take $5 Billion Hit For Operations In China Amid Steep Competition
General Motors (GM) said Wednesday that it would record two non-cash charges totaling over $5 billion on its joint venture ...
GM Stock Falls on Chinese Write-Off. It’s a Warning for American Car Makers.
General Motors will take more than $5 billion in one-time charges in the fourth quarter related to a struggling Chinese joint ...
China is leaving Europe’s and America’s carmakers in the dust in the EV race
China’s 21st century auto technology is causing turmoil for the big established US, Japanese and European carmakers.
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Will China Take Over the Global Auto Industry?
China’s electric vehicle capacity will soon match total Chinese domestic auto demand, and total Chinese auto production ...
What’s good for China has been very bad for General Motors | Analysis
GM's profits and market share have tumbled, so much that, like other multinationals, the company's long-term presence in ...
GM warns Wall Street of a $5 billion hit it expects to take from losses in China
In a government filing Wednesday, General Motors indicated its investment in its operations in China have devalued by $5 ...
China Could Have 100,000 Flying Cars and Air Taxis Over Its Cities by 2030
Chinese eVTOL makers want to create a domestic market with 100,000 flying cars, drones, and air taxis by 2030 as part of its ...
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What does the US import from Mexico, China and Canada?
Consumers could also see higher prices at the grocery store, especially in the produce section. In 2023, Mexico supplied 63% ...