Today's story
Major American Automaker To Take $5 Billion Hit For Operations In China Amid Steep Competition
General Motors (GM) said Wednesday that it would record two non-cash charges totaling over $5 billion on its joint venture operations with SAIC Motors in China, according to Reuters. The automaker expects a $2.7 billion…
Reporting · 1 source · Jul 1, 2026Read itThe journal
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About SAIC Motor
SAIC Motor Corp., Ltd. is a Chinese state-owned automobile manufacturer headquartered in Anting, Shanghai. Founded in 1955, it is currently the largest of the "Big Four" state-owned car manufacturers of China ahead of FAW Group, Dongfeng Motor Corporation, and Changan Automobile, with sales exceeding 4.5 million vehicles in 2025.
Everything about SAIC Motor →- Country
- People's Republic of China
- Headquarters
- Shanghai
- Inception
- 1984
- Website
- https://www.saicmotor.com/english/index.shtml, https://www.saicmotor.com/