GM is hemorrhaging money on several fronts: Dec 4th, 2024 GM braces for a $5 billion hit as it fights to keep up in China’s intensifying EV price war SAIC-GM

GM is hemorrhaging money on several fronts: Dec 4th, 2024 GM braces for a $5 billion hit as it fights to keep up in China’s intensifying EV price war SAIC-GM revealed in a regulatory filing on Wednesday (via The New York Times) that it expects to write down between $2.6 billion and $2.9 billion in the fourth quarter. The automaker is also expecting another $2.7 billion in restructuring expenses. https://electrek.co/2024/12/04/gm-faces-5-billion-hit-ev-battle-china-intensifies/ https://electrek.co/2024/12/04/gm-faces-5-billion-hit-ev-bat...