#GMShanghai

Times Get Tougher for GM's Chinese Venture As Automaker Orders 3.3 Million Vehicle Recall

Tariffs and other pressures are weighing on the once blistering hot Chinese new car market, and a suspension issue has now added new storm clouds to General Motors’ formerly sunny skies. The automaker’s Chinese arm, GM Shanghai, has announced the recall of 3.3 million Chevrolet, Buick, and Cadillac models.

Bad news for a foreign company in a suddenly dodgy market.

Steph Willems Sep 29, 2018

Recent Comments

Probert They already have hybrids, but these won't ever be them as they are built on the modular E-GMP skateboard.
Justin You guys still looking for that sportbak? I just saw one on the Facebook marketplace in Arizona
28-Cars-Later I cannot remember what happens now, but there are whiteblocks in this period which develop a "tick" like sound which indicates they are toast (maybe head gasket?). Ten or so years ago I looked at an '03 or '04 S60 (I forget why) and I brought my Volvo indy along to tell me if it was worth my time - it ticked and that's when I learned this. This XC90 is probably worth about $300 as it sits, not kidding, and it will cost you conservatively $2500 for an engine swap (all the ones I see on car-part.com have north of 130K miles starting at $1,100 and that's not including freight to a shop, shop labor, other internals to do such as timing belt while engine out etc).
28-Cars-Later Ford reported it lost $132,000 for each of its 10,000 electric vehicles sold in the first quarter of 2024, according to CNN. The sales were down 20 percent from the first quarter of 2023 and would “drag down earnings for the company overall.”The losses include “hundreds of millions being spent on research and development of the next generation of EVs for Ford. Those investments are years away from paying off.” [if they ever are recouped] Ford is the only major carmaker breaking out EV numbers by themselves. But other marques likely suffer similar losses. https://www.zerohedge.com/political/fords-120000-loss-vehicle-shows-california-ev-goals-are-impossible Given these facts, how did Tesla ever produce anything in volume let alone profit?
AZFelix Let's forego all of this dilly-dallying with autonomous cars and cut right to the chase and the only real solution.

Car Reviews By Make

view all

Top stories

Times Get Tougher for GM's Chinese Venture As Automaker Orders 3.3 Million Vehicle Recall

Latest Car Reviews

2023 Ford F-150 Raptor R Review – Beast Mode

Drive Notes: 2024 Alfa Romeo Tonale eAWD

Drive Notes: 2024 Ford Maverick Hybrid XLT

2024 Hyundai Elantra N Review – Tightening Up

2025 Hyundai Ioniq 5 N Review – Shockingly Spicy

Drive Notes: 2024 Kia Telluride SX-Prestige X-Line

Drive Notes: 2024 Nissan Versa SR

Latest Product Reviews

Best Amazon Prime Day Deals for TTAC Readers

TTAC Video of the Week: Looking Back on NASCAR Invading LeMans

Here’s How To Get the Best Deal on Winter Tires Right Now

Best Power Inverters for Your Car: Plugging Away

Best Sunshades for the Car: Where the Sun Don't Shine

Recent Comments

Car Reviews By Make