Tag: GM

German Manager Magazine: General Motors: GM posts billions in losses in China and on electric cars004640

The US car manufacturer General Motors (GM) has to be like his rival ford take high depreciation on its electric cars. These cost the group around $6 billion in the fourth quarter, plus $1.1 billion in special costs for the renovation Chinasaid the US automaker on Thursday evening in Detroit. In view of the expiring… Continue reading German Manager Magazine: General Motors: GM posts billions in losses in China and on electric cars004640

Silicon Valley Billionaires Panic Over California’s Proposed Wealth Tax

Did California lose Larry Page? The Google and Alphabet cofounder, who left day-to-day operations in 2019, has seen his net worth soar in the years since—from around $50 billion at the time of his departure to somewhere approximating $260 billion today. (Leaving his job clearly didn’t hurt his wallet.) Last year, a proposed ballot initiative… Continue reading Silicon Valley Billionaires Panic Over California’s Proposed Wealth Tax

Sangbo Sim is the new CFO of the ZKW Group

WIESELBURG, Austria, Jan. 9, 2026 /PRNewswire/ — Sangbo Sim (57) has taken over the position of CFO of ZKW Group GmbH as of January 1, 2026. The internationally experienced financial expert succeeds Sangwook Woo, who is returning to Korea as planned. Sim has held various positions at LG Electronics (LG) since 2001, with a focus… Continue reading Sangbo Sim is the new CFO of the ZKW Group

GM hit with $6 billion in charges as EV incentives cut and emissions standards fade

General Motors will be hit with charges of about $6 billion as sales of electric vehicles sputter after the U.S. cut tax incentives to buy them and also eased auto emissions standards. Shares slid about 2% before the opening bell Friday. The charges that will be recorded in the fourth quarter follow an announcement in… Continue reading GM hit with $6 billion in charges as EV incentives cut and emissions standards fade

GM books a $7.1 bn loss as it scales back EV ambitions

In October, GM announced a third-quarter loss of $1.6 billion stemming from its electric vehicle assets. General Motors on Thursday became the latest automaker to announce a big loss from its investments in electric vehicles, as it reckoned with a slump in sales of those cars after Congress and President Donald Trump overhauled federal policy… Continue reading GM books a $7.1 bn loss as it scales back EV ambitions

General Motors reports $7bn earnings loss after pulling back from EVs

A Chevrolet dealership on 6 January 2026 in Colma, California. Photograph: Justin Sullivan/Getty Images View image in fullscreen A Chevrolet dealership on 6 January 2026 in Colma, California. Photograph: Justin Sullivan/Getty Images General Motors reports $7bn earnings loss after pulling back from EVs GM says end of tax incentives and less stringent emissions regulations slowed… Continue reading General Motors reports $7bn earnings loss after pulling back from EVs

GM discloses $7bn hit from EV transition and China restructuring

Premium Digital ]]> Complete coverage $75 per month Complete digital access with exclusive insights and industry deep dives on any device. Global news & analysis Expert opinion FT App on Android & iOS FT Edit: Access on iOS and web FirstFT: the day’s biggest stories 20+ curated newsletters Follow topics & set alerts with myFT… Continue reading GM discloses $7bn hit from EV transition and China restructuring

Pioneer Sphera is bringing Dolby Atmos in cars to the people

Transportation The in-dash Sphera receiver uses virtualization to create convincing Atmos without needing to purchase a Cadillac. The in-dash Sphera receiver uses virtualization to create convincing Atmos without needing to purchase a Cadillac. by John Higgins Jan 8, 2026, 11:38 PM UTC John Higgins is a senior reviewer covering TVs and audio. He has over… Continue reading Pioneer Sphera is bringing Dolby Atmos in cars to the people

GM to record $7.1 billion in fourth-quarter charges due to EV pullback, China restructuring 

GM Hummer EV production in Detroit. Photo by Jeffrey Sauger for General Motors DETROIT – General Motors said Thursday it will record $7.1 billion in special charges for the fourth quarter of last year related to its pullback in electric vehicles and restructuring efforts in China. The Detroit automaker said in a public filing that… Continue reading GM to record $7.1 billion in fourth-quarter charges due to EV pullback, China restructuring