The automaker estimates its struggling China business will cost $5 billion, but it isn't giving up on the country yet.
In the first ten months of 2010, SAIC and GM's Shanghai GM (SGM) joint venture sold about 843,000 vehicles in China. SAIC-GM-Wuling (SGMW) has been the largest mini-vehicle manufacturer in China ...
A patent filing has revealed that General Motors, in partnership with Shanghai Automotive Industry Corporation (SAIC), is indeed developing a seven-speed dual-clutch transmission for front-wheel ...
Reductions in factory capacity and additional job cuts are still believed to be under consideration. The expectation is that ...
GM has a 50-50 joint venture in China with SAIC Motor Corp. The joint venture is called Shanghai General Motors or SGM. SGM makes and sells Chevrolet, Buick and Cadillac vehicles in the Chinese ...
Among the early policy moves was a focus on the auto industry, specifically targeting what he called then-President Joe Biden 's “electric vehicle mandate.” He also reiterated his plan to impose 25% ...
GM’s China business, primarily a joint venture with state-owned automaker SAIC Motor, is now losing the carmaker millions of dollars a quarter, as EV players like Elon Musk’s Tesla and local ...
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