General Motors has gone from market leader to also-ran in the world’s largest car market, stymied by its own missteps and Chinese policies that favored its local rivals.
Changing technology, political turmoil and competition from China are cutting into profits and forcing carmakers to cut jobs and close factories.
Faltering U.S. industrial leadership has allowed China to take a harder trade stance as President-elect Donald Trump prepares to take office.
General Motors and other foreign automakers are selling fewer cars and losing lots of money in China, where domestic electric and hybrid cars have taken off.
LG Energy Solution will now solely own a factory in Michigan that it had planned to operate through a joint venture with General Motors.
Fewer people will be able to afford electric cars and trucks if President-elect Donald J. Trump and Republicans in Congress eliminate a $7,500 federal tax credit.
Donald J. Trump promised to erase Biden tailpipe rules that are designed to get carmakers to produce E.V.s. But Detroit wants to keep them.
Ford is struggling to make money on battery-powered models while General Motors, which started more slowly, says it is getting close to that goal.
The electric car company said profits climbed 17 percent in the third quarter as strong sales of energy products helped to make up for relatively slow auto sales.
Mary Barra, G.M.’s chief executive, said that the company had fixed battery-manufacturing problems and that its electric vehicles would soon be profitable.