GM aims to be profitable in China in 2025 - Automotive News

Jan 30, 2025 · China in the past delivered $2 billion a year in income for GM, though executives say those results won’t be matched anytime soon, if ever again, despite restructuring moves.

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GM Aims To Be Profitable In China In 2025 - Automotive News

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Jan 30, 2025 · China in the past delivered $2 billion a year in income for GM, though executives say those results won’t be matched anytime soon, if ever again, despite restructuring moves.

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GM Q4 Earnings Beat Estimates As EV Business Turns The Corner, …

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Jan 27, 2025 · Nonetheless, GM now sees 2025 profit coming in at a range of $13.7 billion to $15.7 billion, with a lower low bound but a higher upper bound than in 2024. Diluted and …

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GM Expects More Than $5 Billion Impact From China Restructuring

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GM’s market share in China, including its joint ventures, has plummeted from roughly 15% as recently as 2015 to 8.6% last year — the first time it has dropped below 9% since 2003.

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The Silver Lining In GM's Big China Problem | The Motley Fool

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Jan 18, 2025 · In fact, looking at how dire things are today (more on this in a second), it's hard to believe General Motors (GM-0.44%) sold more vehicles in China than it did the U.S. from 2010 …

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GM Reports 2024 Pretax Profit Of $14.9 Billion On Strong Truck Sales

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6 days ago · GM's annual net income slid 41% to $6 billion, compared with $10.1 billion in the year-ago period, mostly due to the special charge it took for its China operations. GM said its …

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GM 2024 Profit Down From China Revamp But Tops Wall ... - The …

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Jan 28, 2025 · General Motors Co.'s full year net income was down 41% from 2023 after losing $3 billion in the fourth quarter. ... Without the charges in China, adjusted operating profit was a …

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GM China Sales Continued To Grow In Q4, Up Over 40% | General …

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Jan 6, 2025 · SHANGHAI – General Motors and its joint ventures continued to boost their sales momentum in the fourth quarter of 2024, as proactive actions to improve product …

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GM Loses $5 Billion In China, What’s Next? - Autoblog

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Dec 9, 2024 · In the first nine months of 2024, GM reported losses of $347 million in its Chinese joint venture with SAIC Motor, a state-owned company. The automaker’s sales in the region …

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GM Expects To Save Up To $1 Billion On Cruise Costs

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Jan 28, 2025 · GM reported Tuesday a $2.9 billion loss for the fourth quarter of 2024, results driven by charges related to ending robotaxi development as well as costs associated with …

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GM’s 2025 Performance Unveils $14.9 Billion Profit Amid $4 Billion ...

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5 days ago · In her recent letter to shareholders, Barra expressed pride in GM's exceptional performance in 2025. The company's success was attributed to a combination of strong …

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GM Expects More Than $5 Billion Impact From China Restructuring ...

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Dec 4, 2024 · 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.

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GM Committed To Chinese Market Despite Local Competition

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Aug 9, 2024 · General Motors recently posted a $104-million loss in the Chinese market for the second quarter of the 2024 calendar year after executives previously predicted a profit in the …

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GM: EVs Profitable, US More Profitable, China Brings Loss

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Jan 28, 2025 · UAW-represented employees set a profit-sharing record of up to $14,500 per person, while investors had a 50% total return. GM is set to launch three electric Cadillacs in …

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GM To Take More Than $5 Billion In Charges On China Operations

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Dec 4, 2024 · GM's China division, once a profit engine for the Detroit company, is now losing money. The company has struggled to compete with carmakers in China, the world's largest …

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GM Reports Record Operating Profit On Strong Car Line-up

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Jan 28, 2025 · GM reports record operating profit on strong ... an additional $2.7bn in restructuring charges in China. Still, GM’s share price increased nearly 50 per cent over 2024, …

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FAQs about GM aims to be profitable in China in 2025 - Automotive News Coupon?

Will GM improve its Chinese business in 2025?

GM expects some improvement in its Chinese business in 2025, but the road ahead is uncertain. The Chinese auto market is the largest in the world, making it a critical battleground for any global automaker. However, GM has leaned heavily on its North American operations for profitability. ...

Will GM be profitable in China?

GM is in the midst of a massive restructuring of its operations in China that is funded by its partners there. When that's completed, GM expects to be profitable in the world's largest auto market again. ...

Does GM have a market share in China?

GM’s market share in China, including its joint ventures, has plummeted from roughly 15% as recently as 2015 to 8.6% last year — the first time it has dropped below 9% since 2003. GM’s equity income from the operations have also fallen, down 78.5% since peaking in 2014, according to regulatory filings. ...

Is GM Building a profitable and self-sustainable operation in China?

REUTERS/Rebecca Cook/File Photo Purchase Licensing Rights Aug 8 (Reuters) - General Motors (GM.N) said on Thursday it was committed to building a profitable and self-sustainable operation in China, despite facing stiff competition from local brands. Shares of GM rose more than 4%. ...

Will GM lose money in China?

General Motors has lost money in China each of the past three quarters, and barring a shocker of a fourth quarter, it will lose money for the full year. There is a silver lining in recent sales data, though, and it shows GM's fortunes might be turning slightly in the region. ...

Is China still important to GM?

China is still important to GM. It's the company's second-largest market behind the United States. But the restructuring happening there will be funded by GM's partners, the automaker does not need to infuse any cash in it. ...