SAIC Motor Corp., the Chinese partner of General Motors Co., said preliminary profit for 2024 may plummet by as much as 90 percent due to a writedown of the U.S. carmaker’s joint venture in the nation and a bruising price war.
SAIC Motor Corp., the Chinese partner of General Motors Co., said preliminary profit for 2024 may plummet by as much as 90 percent due to a writedown of the U.S. carmaker’s joint venture in the nation and a bruising price war.