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  The strike caused by GM's plant closure in Mexico may have caused a loss of 1 billion US dollars in the third quarter.

  The general strike at GeneralMotors, the traditional US car giant, is still simmering. Recently, General Motors announced that it would suspend production at a plant in Mexico, involving more than 6000 workers. The direct cause of this situation is GM's strike in the United States. The GM strike began last year when GM announced that it planned to close four U.S. plants in November, but failed to agree on jobs, pay and benefits. The United Auto Workers (UAW) launched a total of 49000 workers on Sept. 15.

  General Motors strike General Motors plant closes in Mexico 2019-10-04
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  General Motors reported a 5.08% year-on-year drop in net profit

  Recently, General Motors officially released its full-year 2020 results. GM's full-year net profit attributable to shareholders in fiscal 2020 was $6.247 billion, down 5.08 per cent from a year earlier, according to the results. Operating income was $122.485 billion, down 10.75% from a year earlier, of which net profit attributable to shareholders was $2.801 billion in the fourth quarter, up 1307.33% from a year earlier. Revenue was $37.518 billion, down 21.71% from a year earlier. According to previous reports, the Chinese market is GM's largest single market, accounting for 44% of global sales. However, although China is GM.

  General Motors 2021-02-16
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  The loss is close to ten billion! Detroit's three car companies finally compromised.

  The six-week-long American car strike has finally come to an end. According to foreign media reports, General Motors reached a temporary agreement with UAW (United Auto Workers) on October 31, ending a six-week strike. Prior to this, UAW joined hands with Ford Motor and Stellantis Group.

  Cars strikes Ford unions Detroit workers tycoons Tess Tesla loss time United States negotiations contracts costs 2023-11-01
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  GM's third-quarter net profit fell 8.9% after the strike cut its annual profit forecast.

  According to GM's third-quarter results, GM's third-quarter operating income was $35.5 billion, down 0.9% from a year earlier; net profit was $2.3 billion, down 8.7% from a year earlier, and operating income and net profit fell from the same period last year. GM said it had a negative impact on GM's business in the United States because workers from the Federation of American Automobile Manufacturers went on strike at its factories in the United States. In September, GM failed to reach an agreement with workers on salary, health benefits, job security and other issues, and negotiations reached an impasse. Finally, the American Federation of Automobile Industries went on strike on September 16, with striking workers.

  General Motors third quarter results 2019-10-31
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  The DMV is packed! Tesla's domestic sales tripled in September

  According to data from the Federation of passengers, retail sales of passenger cars in September 2021 were 1.582 million, down 17.3 percent from the same period last year, of which the retail volume of new energy passenger vehicles was 334000, up 202.1 percent from the same period last year and 33.2 percent from the previous month. New energy vehicles are growing against the market, and a number of car companies have sold more than 10,000 cars. It is understood that car companies that sold more than 10,000 new energy vehicles wholesale in September include BYD, Tesla China, SAIC General Motors Wuling, SAIC passenger cars, Guangzhou Automobile Eian, Great Wall Motor, Lulai Motor, and Xiaopeng Motor. Among them, BYD, Tesla, Lulai, Xiaopeng and other car companies are outstanding. According to the data of the Federation of passengers, 2.

  Tesla 2021-10-13
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  Volkswagen won the championship, Toyota pressed-- ranking of the world's three largest automobile groups in sales in the first half of 2019

  The world's three largest automobile groups announced global sales results in the first half of 2019, Volkswagen Group ranked first, leading Toyota Motor Group with only 50,000 vehicles, Toyota achieved sales growth and gradually pressed Volkswagen. Nissan Renault-Mitsubishi Alliance, which ranked third, fell 5.9% from a year earlier. General Motors has not yet released a sales report. Volkswagen continues to be the world's best-selling car group, with cumulative global sales of 5365300 units in the first half of this year, down 2.8 per cent. China is Volkswagen Group's largest consumer market, accounting for nearly 36% of sales. Volkswagen Group sold new products in China in the first half of the year.

  Cars sales Volkswagen Global Toyota 2019 Group World 2019-07-31
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  Affected by the UAW strike, GM's sales in the United States fell 28% in September

  According to overseas media reports, the United Auto Workers (UAW) strike against GM has been going on for 17 days, causing GM's sales in the United States to fall by 28% in September, with sales falling in three of the four brands. Due to the failure of negotiations with the United Auto Workers (UAW), the UAW union decided to hold a nationwide strike of 49000 workers from September 16. The intensification of workers' strikes has led to the suspension of some GM production lines at more than 30 factories in the United States, as well as the suspension of work in GM parts warehouses and distribution centers. On the news of October 2, the strike was announced.

  General Motors affected by UAW strike sales decline 2019-10-03
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  SAIC: revenue and profit declined in the third quarter

  SAIC announced its results for the third quarter of 2021, showing operating income of 181.759 billion yuan, down 13.5% from the same period last year, while net profit belonging to shareholders of listed companies was 7.036 billion yuan, down 14.75% from the same period last year. In the first three quarters, the company's operating income was 538.373 billion yuan, an increase of 11.09% over the same period last year; the net profit belonging to shareholders of listed companies was 20.35 billion yuan, an increase of 22.24% over the same period last year. According to the interim performance report, SAIC achieved operating income of 356.696 billion yuan in the first half of 2021, an increase of 29.9% over the same period last year.

  SAIC Group 2021-10-30
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  GM sold 26 electric cars in the fourth quarter Musk: there is room for improvement

  GM's sales in the United States were dismal in the last quarter of 2021, plunging 43% from a year earlier. GM sold 2.218 million cars in the United States last year, down from 2.55 million in 2020. At the same time, Toyota sold 2.332 million vehicles in the United States, an increase of 10.4 percent over 2020. Toyota overtook GM to become the No. 1 car company by sales in the United States. In terms of electric vehicles, GM sold only 26 electric vehicles in the United States, including 25 Chevrolet Bolt and an electric Hummer, compared with 6701 Chevrolet Bolt electric vehicles in the United States in the same period last year. When the data came, Elon Musk commented, "there is room for improvement."

  GM delivers 26 electric vehicles 2022-01-07
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  Net profit fell by 18%! The "most profitable" car insurance changed owners.

  Recently, domestic automobile listed companies have released Q3 financial results for 2022 one after another. Among the Q3 financial reports of 12 A-share listed vehicle companies counted by "Automotive Industry concern", only BYD, GAC GROUP, Great Wall Automobile, Lifan Technology have achieved double growth in revenue and net profit, SAIC Group, Changan Automobile, BAIC Blue Valley and so on.

  Growth sales cars net profit net profit Group Biya income Business Company Brand New Energy Great Wall SAIC loss 2022-11-07
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  New Power brands soared in November, with four brands delivering more than 10,000 vehicles

  On December 1, the new power brand of car building announced the latest monthly delivery volume as scheduled. Judging from the statistical rankings, the overall car-building brands performed well in November. Lailai, ideal, Xiaopeng and Nezha all had more than 10,000 cars, of which Xiaopeng had the highest delivery volume of 15613, and ideal and Ulai returned to the 10,000 class again. Naha achieved 10,000 deliveries for the first time. Early this morning, Naha was the first to announce November delivery results. Data show that Naha delivered a total of 10013 new cars in November, an increase of 372% year-on-year and 24% month-on-month. Specifically, November Nashi V series delivery 70.

  Wei Lai Xiao Peng 2021-12-01
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  Multi-car enterprises are not up to standard! The latest sales list of new energy car companies announced

  Domestic new energy vehicle sales data for the first three quarters of 2022 are released. From January to September 2022, retail sales of new energy passenger vehicles in China were 3.877 million, an increase of 113.2% over the same period last year, far exceeding the sales for the whole of last year, including BYD's total abandonment of fuel vehicles in April, according to the Federation of passengers' Association.

  Cars sales targets Tex Tesla ideal New Energy Xiaopeng Biya year-round Power growth data Market years ago 2022-10-20
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  Halve! The market value of a new power has lost more than HK $170 billion in three months.

  Recently, the ideal car is not ideal. In a short period of more than three months, the Hong Kong stock price of ideal Automobile has plummeted, falling by more than half. As of today's close, ideal Motor Hong Kong shares were trading at HK $81.20, with a total market capitalization of HK $165.1 billion. The market capitalization is the same as the highest total market capitalization of Hong Kong stocks of 344.65 billion Hong Kong dollars in June.

  Ideal car second quarter loss Hong Kong stock car owner Yanan Hong Kong dollar people RMB stock price stock sales Zhejiang market capitalization 2022-10-12
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  "high-end luxury cars" should be cool! Zhongtai Automobile wears a hat after a huge loss of 11.2 billion yuan.

  On the evening of June 22, Zhongtai Motor disclosed its 2019 annual report showing that the company's revenue in 2019 was 2.986 billion yuan, down 79.78 percent from the same period last year, and its annual loss was 11.19 billion yuan, down 1498.98 percent from the same period last year. For the company's huge losses, Zhongtai Motors gave an explanation as follows: first, under the influence of the macroeconomic situation, the overall prosperity of the automobile industry is not high, the competition in the industry is becoming increasingly fierce, and the company's liquidity shortage and other factors have led to a sharp decline in the company's vehicle sales, falling short of expectations. Due to the sharp decline in sales, the company's operating income has dropped sharply, and operating costs have risen relatively, resulting in large operating losses. ...

  Zhongtai Automobile 2020-06-23
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  Li Bin: Weilai will launch a brand new brand of 200000, against Standard Tesla.

  On June 16, Li Bin, CEO of Xilai, said at a user communication meeting that Xilai was speeding up the research and development of models worth more than 200,000 yuan. At present, an agreement has been signed with the Hefei municipal government for the second phase of the Xinqiao plant to produce new brand models with a price of 200000 for the mass market, with a planned production capacity of 500000 vehicles. It is understood that

  Car gross margin model product price gross profit margin Li Bin market brand battery growth second quarter company price cost 2022-06-17
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  The maximum drop is 37000! Tesla official announced a price reduction

  A notice from Tesla quickly went viral on Weibo, causing strong market concern. Tesla China official announced that from now on, Tesla in Chinese mainland area is selling Model 3 and Model Y with an adjusted starting price of 265900 Model 3 models.

  Tex Tesla Market cars models China Price subsidy people RMB Product Price Global cost time 2022-10-24
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  By 2026, Tesla will account for 25% of the electric vehicle market.

  Research data show that by 2026, the number of pure electric and hybrid models in the United States will rise to 1.28 million, but the market competition will be so fierce that many brands will find it difficult to profit from the new models, but Tesla is still the leader of electric cars. IHS Markit predicts that there will be as many as 130 electric system models launched by 43 brands in the US car market, including all-electric and hybrid models. In the future, 60% of the sales in the electric car market will come from the top 10 car brands, of which Tesla will top the list with a 25% market share of the electric car market. ...

  Tesla electric car electric 2019-05-30
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  Affected by strikes and bad sales, GM's net profit fell 17.4% in 2019.

  On Feb. 5, GM released its 2019 results, which showed that GM's net income in 2019 was $137.2 billion, down 6.7% from a year earlier; net profit was $6.7 billion, down 17.4% from a year earlier; after taking into account the $3.6 billion loss caused by the strike, adjusted profit before interest and tax was $8.4 billion, down 28.8% from a year earlier. GM's net profit fell 17.4% from last year, mainly because of a 40-day strike against GM by the United Auto Workers (UAW). September 2019. GM is unable to deal with labor contracts and other issues.

  General Motors 2020-02-06
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  Xilai and ideal announced sales in September, both of which continued to grow to a new high.

  Just after September, Weilai and ideal, as the new power of the car company, released the latest sales figures on the same day. Of course, the two car companies are eager to report sales, but also on the premise of encouraging results, sales rose sharply in September, both hit record highs since delivery.

  Weilai 2020-10-02
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  CCTV reported: delivery of 1 million cars around the world has been delayed due to lack of cores.

  Since the lack of core was revealed in the automobile industry in December last year, a number of car companies around the world have been cut or stopped production, but the lack of core has not been alleviated, and the problem is getting worse. According to CCTV media reports, 1 million cars worldwide will be delayed due to "lack of core" in the first quarter of this year.

  Automobile 2021-04-10