The Business Times
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CHINA

Global Enterprise

From factory to tech frontier: China becomes legacy automakers’ innovation engine

The cuts will affect GM’s offices globally as the automaker works to boost earnings even as US sales stagnated to start the year.
Transport & Logistics

General Motors to cut hundreds of white collar workers in IT overhaul

In North America, GM’s biggest money maker, its profit margin improved to 10.1 per cent from 8.8 per cent a year earlier.
Transport & Logistics

GM lifts profit outlook as US truck sales boost first quarter

Toyota reported a marginal drop in first-quarter sales of 569,420 units in the US.
Transport & Logistics

GM, Toyota report lower quarterly sales in US amid affordability concerns

GM has bought back more than US$20 billion in shares over the past several years, which has helped pushed the stock up to all-time highs.
International

GM sees profits growing US$2 billion this year and plans buybacks

GM began writing down some EV-related investments last year, including a US$1.6 billion third-quarter charge.
Transport & Logistics

GM to take US$6 billion writedown on EV pullback 

GM will start adding the app in the Cadillac Vistiq and Escalade IQ electric vehicles and CT5 sedan.
Transport & Logistics

GM strikes deal to put Apple Music in all of its new vehicles

GM executives have been telling suppliers they should find alternatives to China for their raw materials and parts, with the goal of eventually moving their supply chains out of the country entirely.
Global Enterprise

GM wants parts makers to pull supply chains from China

GM pares its outlook for EV sales after the slashing of a key federal incentive, which has further dampened already slowing demand.
Transport & Logistics

GM to cut over 1,200 jobs at EV plant

The charges comprise a US$1.2 billion non-cash impairment related to EV capacity adjustments and US$400 million for contract-cancellation fees and commercial settlements.
Transport & Logistics

GM takes US$1.6 billion charge as it reassesses EV plans

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