General Motors, the largest carmaker in the United States, has said it is committed to building a profitable and sustainable operation in China, the world's largest market, according to Reuters. That means not needing any capital from outside," GM CFO Paul Jacobson said on Thursday at an auto conference organized by J.P. Morgan. GM has also been facing increasing investor …
DETROIT — U.S. customers who bought a new General Motors vehicle last quarter paid an average of just under $49,900, a price that helped push the company’s net income 15% above a year ago. And GM Chief Financial Officer Paul Jacobson said he doesn’t see his company cutting prices very much, despite industry analysts’ predictions of growing U.S. new-vehicle inventories …
For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Another Chinese automaker, NIO Inc., bought 12% of Australian …
BEIJING — Threatened by possible shortages of lithium for electric car batteries, automakers are racing to lock in supplies of the once-obscure “white gold” in a politically and environmentally fraught competition from China to Nevada to Chile. Another Chinese automaker, NIO Inc., bought 12% of Australian lithium miner Greenwing Resources Ltd. last year for 12 million Australian dollars. Volkswagen’s battery …
