The automaker estimates its struggling China business will cost $5 billion, but it isn't giving up on the country yet.

General Motors Company (NYSE:GM) shares are trading lower in the premarket session on Tuesday. The automotive behemoth reported adjusted earnings per share of $1.92 in the fourth quarter, beating the street view of $1.

GM faces China setback but beats expectations, offers generous profit-sharing to workers, and navigates U.S. regulations.

Expects to forecast $1B in annual run rate savings from ending Cruise robo-taxi program. Says Cruise employees to be fully integrated into the

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

This story incorporates reporting fromBenzinga.com, The Associated Press - Business News on MSN.com and The Wall Street Journal on MSN.com.General Motors reported a fourth-quarter loss attributed primarily to $5 billion in charges connected to its operations in China and difficulties in its robotaxi business.

In fact, Detroit's largest automaker consistently topped Wall Street estimates and raised guidance while crosstown rival Ford Motor Company grappled with higher warranty costs. General Motors rewarded investors with a 48% gain in 2024,

General Motors (GM) has reported a loss of $2.96bn in the fourth quarter of 2024, a downturn from a profit of $2.1bn in the same period the previous year.

US automaker General Motors swung to a loss in the fourth quarter on huge charges related to China. But still it topped profit and revenue expectations on Wall Street. For the three months ended December 31, GM lost $2.96 billion, or $1.64 per share. A year earlier the company earned $2.1 billion, or $1.59 per share.

General Motors Co.'s net income of $6 billion last ... charges of $5 billion for changes to its joint-venture business in China and stopping robotaxi funding. As a result, it missed its annual ...

Moreno competed for the GOP nomination in the 2022 Ohio Senate race Vance eventually won. After Trump endorsed Vance, Moreno threw his support behind his onetime rival. He hosted fundraisers for Vance and even played the part of Democratic opponent Tim Ryan during debate prep, recalled Jai Chabria, who was chief strategist for Vance’s campaign.