China Market ChallengesGM is set to record over $5 billion in non-cash charges due to impairments and write-downs in its China joint ventures, reflecting ongoing difficulties in this key market.
Financial PerformanceGM's decision to no longer fund Cruise's robotaxi development highlights the significant costs and challenges faced in scaling autonomous vehicle technology, which has led to unsustainable financial losses.
Market And Pricing HeadwindsAnalyst's forecast indicates a 22% decline in EBIT from 2024 to 2025, attributed to market and pricing headwinds in North America and persistent weaknesses in China.