China’s largest carmaker to cut thousands of jobs at its joint ventures with GM and Volkswagen
Baua Electric
APRIL 1, 2024
3 electric car (Source: SAIC-VW) Amid an intense price war and lost market share to BYD and Tesla, China’s state-owned automaker SAIC Motor is reportedly making drastic job cuts this year at its joint ventures with General Motors and Volkswagen and at its EV unit – with mass layoffs a rare move for a China-owned company.
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