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G.M.’s Ailing China Business Will Deal It a $5 Billion Blow

✇NYT > Climate and Environment
By: Neal E. Boudette
4 December 2024 at 12:22
General Motors and other foreign automakers are selling fewer cars and losing lots of money in China, where domestic electric and hybrid cars have taken off.

© Qilai Shen for The New York Times

A General Motors booth at Shanghai’s auto show. G.M.’s joint venture in China was created in 1997 and made considerable profits for many years.

G.M. Will Sell Stake in EV Battery Plant to LG

✇NYT > Climate and Environment
By: Jack Ewing
2 December 2024 at 16:37
LG Energy Solution will now solely own a factory in Michigan that it had planned to operate through a joint venture with General Motors.

© Ahn Young-joon/Associated Press

General Motors said Monday that it would get back the $1 billion it had invested in the battery plant. LG Energy Solution will complete the construction.

How Trump Could Upend Electric Car Sales

✇NYT > Climate and Environment
By: Lawrence Ulrich
25 November 2024 at 12:56
Fewer people will be able to afford electric cars and trucks if President-elect Donald J. Trump and Republicans in Congress eliminate a $7,500 federal tax credit.

© Philip Cheung for The New York Times

Three economists estimate that electric car sales could fall 27 percent if President-elect Donald J. Trump and Congress repeal a federal tax credit.

G.M.’s Ailing China Business Will Deal It a $5 Billion Blow

✇NYT > Technology
By: Neal E. Boudette
4 December 2024 at 12:22
General Motors and other foreign automakers are selling fewer cars and losing lots of money in China, where domestic electric and hybrid cars have taken off.

© Qilai Shen for The New York Times

A General Motors booth at Shanghai’s auto show. G.M.’s joint venture in China was created in 1997 and made considerable profits for many years.

G.M. Will Sell Stake in EV Battery Plant to LG

✇NYT > Technology
By: Jack Ewing
2 December 2024 at 16:37
LG Energy Solution will now solely own a factory in Michigan that it had planned to operate through a joint venture with General Motors.

© Ahn Young-joon/Associated Press

General Motors said Monday that it would get back the $1 billion it had invested in the battery plant. LG Energy Solution will complete the construction.
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