It's the company's first EV to adopt the revised logo. The SAIC-GM joint venture in China has unveiled the Electra E5, Buick's first Ultium-based electric production model. It also happens to be the ...
China was once a profit centre for GM, but tougher competition from domestic brands is forcing it to declare a financial hit as it restructures its local operation.
General Motors has taken a loss of more than US$5 billion (~A$7.7bn) on its Chinese operations as domestic brands there rise in popularity and foreign carmakers struggle.