GM’s 100-year-old China business can’t keep up with the EV boom there
The automaker estimates its struggling China business will cost $5 billion, but it isn't giving up on the country yet.
China's big EV push into Europe fizzles out on EU tariffs and slowdown
Brands led by SAIC Motor Corp.'s MG registered 3.5 per cent fewer EVs in the region for all of 2024, according to data from automotive researcher Dataforce
GM reports 2025 pretax profit of $14.9 billion; takes $4 billion charge on China struggles
GM finally made EVs "variable profit positive," meaning the EVs revenue cover the costs to make them. Here are the goals for 2025.
Why are NEVs China’s new business card? Reports China News Network
China has emerged as a global leader in NEV production and sales. Annual output and sales soared from fewer than 20,000 units in 2014 to over 12 million units in 2024, accounting for more than 60% of the global market.
Crain's Detroit2d
UAW workers to see record profit-sharing checks as GM reports better-than-expected 2024 profit
General Motors Co. lost $2.96 billion in the fourth quarter after a $4 billion charge for restructuring its struggling business in China, but it logged record full-year adjusted profits globally and in North America.
MG Motor’s India Joint Venture Seeks Lower Taxes for Hybrid EVs
A joint venture between China’s SAIC Motor Corp Ltd. and India’s JSW Group plans to roll out a plug-in hybrid car next year and has sought lower local taxes to lure price-conscious Indians to these greener vehicles.
Tesla, BMW challenge EU tariffs on China-made EVs
Tesla and BMW sue EU over tariffs on electric vehicles from China, joining Chinese automakers that filed claims. Read more.
Mining Weekly6d
China’s MG makes SA debut
MG has returned to the South African market after exiting the country in 2016. The former British brand belongs to Shanghai giant SAIC Motor, which acquired it in 2007.
AM-online3h
European car market growth driven by hybrids and Chinese brands
China has become the sixth largest country of origin for new vehicles registered in Europe, according to the latest data from JATO Dynamics.
China Internet Information Center1d
Tesla suing EU over tariffs on China-made EVs
Tesla's legal challenge is in response to the EU introducing tariffs at the end of October of 7.8 percent on Tesla's China-made vehicles. The bloc has also set tariffs of up to 35.3 percent on other China-made EVs. The new tariffs come on top of a 10 percent standard import tariff that was already in place for electric vehicle imports into the EU.
China’s Big EV Push Into Europe Fizzles Out on Tariffs, Slowdown
Five years of rapid European growth for Chinese electric-car manufacturers ground to a halt in 2024, as trade barriers added to the challenge of building up sales in a stagnant market.Most Read from B
General Motors Q4 results on deck: Analysts expect double-digit profit growth, tariff talks in focus
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