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4 weeks ago | 
watoday.com.au | David Welch |Gabrielle Coppola |Josh Wingrove
Exponential Interactive, Inc d/b/a VDX.tvCookie duration: 90 (days). Data collected and processed: IP addresses, Device identifiers, Probabilistic identifiers, Browsing and interaction data, Non-precise location data, Users’ profiles, Privacy choicesmoreCookie duration resets each session. View details | Privacy policyConsentCookie duration: 365 (days).
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4 weeks ago | 
smh.com.au | David Welch |Gabrielle Coppola |Josh Wingrove
By David Welch, Gabrielle Coppola and Josh Wingrove March 28, 2025 — 6.22am, register or subscribe to save articles for later. Add articles to your saved list and come back to them any time. As the fallout from President Donald Trump’s tariff plans comes into relief, a harsh truth is emerging for the automotive industry: Among the many losers, Elon Musk’s Tesla stands out as a clear winner.
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4 weeks ago | 
watoday.com.au | David Welch |Gabrielle Coppola |Josh Wingrove
Exponential Interactive, Inc d/b/a VDX.tvCookie duration: 90 (days). Data collected and processed: IP addresses, Device identifiers, Probabilistic identifiers, Browsing and interaction data, Non-precise location data, Users’ profiles, Privacy choicesmoreCookie duration resets each session. View details | Privacy policyConsentCookie duration: 365 (days).
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Dec 8, 2024 | 
seattletimes.com | David Welch |Haze Fan
General Motors CEO Mary Barra has said that China’s crowded market is a “race to the bottom.” For GM, it’s a contest that’s left the automaker saddled with losses and rethinking its options. The American carmaker revealed Wednesday that it would take charges and asset writedowns of more than $5 billion for its investment in a joint venture with Shanghai’s SAIC Motor and to restructure operations in China, including closing factories.
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Dec 4, 2024 | 
news.bloombergtax.com | David Welch
General Motors Co. will incur more than $5 billion in charges and writedowns tied to its troubled operations in China as the automaker tries to salvage its once-profitable business in the world’s largest car market. The carmaker expects to write down the value of its joint-venture operations in China by as much $2.9 billion, it said in a securities filing on Wednesday. The company will also take another $2.7 billion in charges for costs to close factories and restructure its operations in China.
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Dec 3, 2024 | 
insurancejournal.com | David Welch
General Motors Co. is selling its stake in an electric-vehicle battery plant in Lansing, Michigan, to South Korean partner LG Energy Solution, recouping about $1 billion in investment from a facility that will still supply energy cells to the automaker’s EVs. The move, which GM announced Monday, reflects a realization by the carmaker that its battery cell plants in Ohio and Tennessee, along with some supplies from the new plant in Lansing, will be enough to meet near-term demand for EVs...
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Dec 2, 2024 | 
ca.finance.yahoo.com | David Welch
(Bloomberg) -- General Motors Co. is selling its stake in an electric-vehicle battery plant in Lansing, Michigan, to South Korean partner LG Energy Solution, recouping about $1 billion in investment from a facility that will still supply energy cells to the automaker’s EVs. • None As Wars Rage, Cities Face a Dark New Era of Urban Destruction The move, which GM announced Monday, reflects a realization by the carmaker that its battery cell plants in Ohio and Tennessee, along with some supplies...
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Sep 22, 2024 | 
autonews.com | David Welch |Mackenzie Hawkins
The Biden Administration’s primary concern is preventing China or Russia from hacking vehicles or tracking cars by intercepting communication with software systems that their domestic companies have created. The rules would also have a protectionist element since most new cars are connected at least through infotainment systems, so Chinese carmakers could be barred from selling in the U.S. if the vehicles use their connected technology.
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Aug 29, 2024 | 
autonews.com | David Welch |David Welch
General Motors has added another former Apple Inc. leader to its software services group, hiring Tim Twerdahl as vice president of product management for the unit, according to people familiar with the matter. Twerdahl joins GM as the automaker builds out its budding software unit’s leadership team with former Apple executives while cutting other personnel to remove some layers of staffing.
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Aug 1, 2024 | 
detroitnews.com | David Welch
David Welch | BloombergHertz Global Holdings Inc. reported a worse-than-expected loss after its failed bet on Tesla Inc. electric vehicles weighed on the value of cars in its fleet. The rental giant lost an adjusted $1.44 a share in the second quarter, according to a statement Thursday, compared with analysts’ average estimate of a $1.17 deficit.
