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General Motors is trimming its expected sales of all-electric vehicle sales this year, as U.S. adoption of EVs occurs slower

U.S. automakers like GM are rapidly losing ground in China, once an engine for growth

GM's fall from grace in China is staggering amid geopolitical tensions with the U.S., along with changing consumer sentiment and

Cruise has quickly gone from one of GM's greatest business opportunities to a massive liability. Source link

The cancellation by GM and Honda is the latest in a growing number of decisions by automakers to scale back

The new line of credit is "prudent" to bolstering GM's balance sheet amid expectations that the union may expand and

About 5,000 white-collar workers at GM opted to participate in a buyout program to lower the automaker's global headcount and

GM's market share in the country, including its joint ventures, has plummeted 34% since 2015, for multiple reasons. Source link

GM follows other major companies, including competitors, in downsizing headcounts to preserve cash and boost profits. Source link