GM is shutting down the Norsom plant, officially known as SAIC-GM (Shenyang) Norsom Motors Co., Ltd., in Shenyang, Liaoning, China, this month.

The closure is expected to lead to the discontinuation of the Buick GL8 Legacy, an older model now replaced by the Buick GL8 Century produced at SAIC-GM’s Jinquiao plant in Shanghai.

General Motors (GM) is closing its Shenyang manufacturing plant in northeastern China, a move that aligns with its broader restructuring strategy to navigate the shifting competitive landscape. The plant,

Elon Musk's Tesla is under pressure in the world's largest car market from EV giant BYD and its rivals that are fast expanding outside China.

By now, people are aware of the significant progress the Chinese automotive industry has made over the last decade or so. In 2024, China became the world's largest automotive market, with over 31.4 million units sold, accounting for 34.7 percent of global sales. It is also the largest export base, with 6.41 million units exported in 2024.

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Vehicles subject to the rule will start launching next year, and many companies have work to do to ensure they meet the specifications before then.

General Motors Co. (NYSE: GM) stock had a stellar 2024, rising nearly 50%. The company was outperforming all its peers like Ford Motor Co. (NYSE: F) and Stellantis N.V. (NYSE: STLA) in the auto/tires/trucks sector firing on all pistons,

including pausing development of its Cruise robotaxi unit and restructuring its struggling China operations, as key factors behind the upgrade. Additionally, Deutsche Bank expressed confidence in General Motors Company (NYSE:GM)’s strong execution track ...