Anonymous ID: dd560b Nov. 29, 2018, 1:31 p.m. No.4076974   🗄️.is 🔗kun   >>7001 >>7027 >>7180 >>7209 >>7352 >>7501 >>7600

GM $400 million loss in China 2018

 

GM is partnered with Chinese auto manufacturers as SAIC-GM-Wuling and the Chongqing plant opened in late 2014. Due to tariffs, GM absorbed a $400 million loss in China during 2018. :D

 

Looks like sales for GM have also fallen in China during the 3rd & 4th quarters 2018; only cadillac brands saw in increase in 2018. No company news releases on meetings, only declining sales reports.

 

Nov 1, 2018 http://gmauthority.com/blog/2018/11/cfo-gm-q3-2018-earnings-absorbed-400-million-headwind-of-commodities-tariffs/

 

Oct 15, 2018 http://gmauthority.com/blog/2018/10/china-auto-sales-plummet-which-is-not-good-news-for-general-motors/

 

Oct 8, 2018 http://gmauthority.com/blog/2018/10/gm-china-sales-numbers-figures-results-third-quater-2018-china/