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VW Group and SAIC extend JV agreement period to 2040
Volkswagen Group and SAIC Motor have signed an extension of their joint venture agreement until the year 2040. By extending ...
Volkswagen, SAIC sell stakes in Xinjiang plant
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SAIC Volkswagen agrees to sell controversial Xinjiang, China, auto plant
Germany's Volkswagen Group and its Chinese partner have sold a factory in the Xinjiang region of China, where accusations of ...
General Motors is taking a $5 billion-plus hit on its operations in China
GM said it would write down the value of its joint venture with China's SAIC Motors by as much as $2.9 billion and incur ...
Losses in China lead to $5 billion charge for General Motors as it cuts the value of its assets
The poor performance of General Motors' Chinese joint ventures is forcing the company to write down assets and take a ...
GM Taking More Than $5B Hit on Joint Venture in China
General Motors said in a regulatory filing that it will incur more than $5 billion in non-cash charges and write-downs ...
Electrek4h
GM sees $5 billion impact from restructuring in China
GM’s CEO Mary Barra told Fortune in October that China’s EV price war “has become a race to the bottom with pricing and the ...
GM Authority2h
GM To Take More Than $5 Billion In Charges From China Joint Ventures
Restructuring and maintaining the SAIC-GM joint venture is costing GM billions this year as sales continue to decline against ...
Losses in China lead to $5-billion charge for General Motors
The poor performance of General Motors’ Chinese joint ventures is forcing the company to write down assets and take a ...
Science Applications International (NYSE:SAIC) Earns Neutral Rating from Analysts at UBS Group
Equities researchers at UBS Group assumed coverage on shares of Science Applications International (NYSE:SAIC – Get Free ...
TweakTown15h
NVIDIA's new Thor chip for smart EVs picked up by BYD, SAIC Motors, other Chinese EV companies
NVIDIA is reportedly working on Thor: its next-gen chip for EVs of the future, with Chinese EV makers like BYD, SAIC Motors, ...
GM is struggling so much in China, it had to announce massive charges to fix its business
China, once GM’s largest and most important market, has become its biggest problem. General Motors told shareholders on Wednesday that it would record two non-cash charges totaling more than $5 ...