The automaker estimates its struggling China business will cost $5 billion, but it isn't giving up on the country yet.

General Motors Company (NYSE:GM) shares are trading lower in the premarket session on Tuesday. The automotive behemoth reported adjusted earnings per share of $1.92 in the fourth quarter, beating the street view of $1.

Expects to forecast $1B in annual run rate savings from ending Cruise robo-taxi program. Says Cruise employees to be fully integrated into the

General Motors (GM) is scheduled to announce Q4 earnings on Tuesday, January 28th, before the market opens, with analysts expecting a double-digit growth in pro

General Motors swung to a loss in the fourth quarter on an increasingly difficult environment in China, but still topped profit and revenue expectations on Wall Street. The automaker is also taking a proactive approach with the United States government on regulations and doling out generous profit-sharing payouts to thousands of workers.

This story incorporates reporting fromBenzinga.com, The Associated Press - Business News on MSN.com and The Wall Street Journal on MSN.com.General Motors reported a fourth-quarter loss attributed primarily to $5 billion in charges connected to its operations in China and difficulties in its robotaxi business.

General Motors posted better fourth quarter revenue and adjusted earnings than analysts had expected, as it recorded billions in one-time charges because of recent changes to the automaker's business plans.

Last month the vehicle manufacturing giant warned that the poor performance of its Chinese joint ventures would force it to write down assets.

While Chrysler Corporation has yet other import any vehicles from China for the U.S. market, it is far from the most “made in the USA” of the Detroit Three.

The electric car company run by Elon Musk is facing increasing competition, but investors have focused mostly on the prospects for Tesla’s self-driving technology.

EV manufacturers are driving the EV revolution forward, fueled by rising consumer demand, technological progress, and regulatory backing, positioning the sector as a promising investment opportunity.