在华亏损40亿美元后，通用汽车又在中国关闭一家汽车工厂

After losing $4Billion in China GM shutdown ANOTHER car factory

在中国亏损40亿美元后，通用汽车又关闭了一家汽车工厂。

知情人士表示，通用汽车将于本月关闭中国东北城市沈阳的一家工厂，这是该公司在中国市场重组战略的一部分。该公司内部消息人士透露，这家工厂主要生产别克GL8小型厢式车和雪佛兰Tracker SUV，专供中国市场。

通用汽车与上汽集团合作，在中国生产别克、雪佛兰和凯迪拉克等品牌汽车。此次关闭沈阳工厂是双方合作调整的一部分，旨在优化资源配置，提升市场竞争力

2024年，通用汽车在中国的销量同比下降14%至略高于180万辆，延续了自2018年以来的稳步下滑。通用汽车报告称，虽然汽油汽车和轻型卡车的销量下降，但电动汽车（包括电动汽车和插电式混合动力汽车）的交付量同比激增了50%，占其2024年汽车总销量的近一半。

以下是外国网友的评论：

blessingndlovu9037
Legacy car manufacturers or brands are ridiculously overpricing their average products

传统车企或者品牌，把自家普通产品的价格定得也太离谱了吧！

daniellarson3068
Chinese take care of their own. Smart. Other countries should do that. US bailed out GM a few years back. GM responded by essentially spending the bailout in China. Chinese smiled. Now Chinese have another plant to build cars. They smile as GM leaves the plant. These big US businessmen are sometimes not the sharpest knives in the drawer. They are blinded by the view of short term returns.

中国人支持自家企业，这招高啊！其他国家真该学学。几年前美国刚给通用汽车救了急，结果通用转头就把这救命钱砸到中国市场去了。中国人心里估计乐开了花，这下又多了个汽车工厂。通用撤厂的时候，中国人估计又偷着乐呢。这些美国大老板，有时候脑子真不咋好使，就盯着眼前那点短期回报，目光短浅得很。

FrunkensteinVonZipperneck
Canadian government also “loaned” GM billions: Auditor wrote it off - “unrecoverable.”

加拿大政府也给通用汽车“借”了几十亿呢，结果审计直接给核销了，说是“收不回来”。

siewkonsum7291
No one non-chinese global car brands can compete with the Chinese because they have a complete & highly efficient supply chain in China to produce very low cost combustion engine cars & or EVs in China for local & export markets.
The Chinese are continously improving, develo and innovating 24/7 even to disrupt their own exsting domestic car brands in the tough competition moving forward.

外国汽车品牌根本没法跟中国品牌竞争啊，中国国内有完整又高效的供应链，能造出超低成本的燃油车和电动车，不光供应国内，还能出口。而且中国人一天到晚都在不断改进、发展和创新，就连在国内市场，自家品牌之间竞争都很激烈，不断推陈出新。

faheemabbas3965
A shame America banned all Chinese cars from the US last month. Now America’s a bubble.

上个月美国把中国汽车都给禁了，太可惜了。现在美国市场就跟泡沫似的。

boomer4578
Dam you are right on, with your interpretation of what is happening!!

哎呀，你对这事儿的分析太对了！

mamacryright5740
Expensive, Bulky, Geopolitical reasons and Chinese would very likely to prefer affordable EV brands instead

（外国车）又贵又笨重，再加上地缘政治因素，中国人肯定更愿意选价格亲民的电动车品牌啊。

JohnJones-k9d
I’m sure the ceo will still be paid $50 m plus a year.

我敢肯定，通用的CEO一年照样能拿5000万美元以上的高薪。

KJSvitko
The future is electric. No noise, no emissions, less fuel costs and less maintenance cost.
Legacy auto manufacturers are in trouble. They are too slow to adapt to the transition to electric vehicles.
Adapt, change or go bankrupt. Nokia and Kodak were once leaders in their industries but were slow to adapt to new technology.
Legacy auto dealers are a nightmare for legacy auto makers. They gouged customers trying to buy electric vehicles.
Legacy auto dealers abused their customers by adding market price adjustments to gouge their customers for EVs
They added pricey add ons and other costs to pump up the prices and their profits.
Tesla has the right idea. Buy online. No hassle. No sitting in a show room for hours. No salesman BS. No crazy markups.
No I have to see my manager BS. With Tesla you can buy a vehicle in 5 minutes or less online. The dealers have no one to blame but themselves. The dealers are dragging the legacy auto makers down with them. The problem with legacy auto makers having slow sales leads back to the legacy auto dealers. They try to talk people out of buying and EV an want to put them in a gasoline car. Many people hate going to legacy car dealerships. Many people call them stealer ships for a reason. New car, used car or going in for repairs you always walk out feeling cheated. People have no sympathy for dealers.

未来是电动车的天下啊。没噪音、零排放，油费和保养成本还低。传统车企这下麻烦大了，他们向电动车转型的速度太慢了。

要么适应变化，要么就等着破产。诺基亚和柯达曾经都是行业巨头，就因为没能及时跟上新技术的步伐，最后不也没落了。传统汽车经销商对传统车企来说就是一场噩梦。他们在卖电动车的时候可劲儿坑消费者。

为了多赚钱，又是搞什么市场价格调整，又是加一堆昂贵的附加产品和其他费用。特斯拉就做得很对，直接线上购车，没那么多麻烦事儿。不用在展厅里耗几个小时，也没销售在那儿瞎忽悠，更没有离谱的加价。

也不用听什么“我得去问问经理”这种鬼话。在特斯拉官网，5分钟甚至更短时间就能下单买车。这些经销商真是自作自受，怪不得别人。他们把传统车企也拖下水了。传统车企销量上不去，根子就在这些经销商身上。

他们总劝顾客别买电动车，转而推销燃油车。好多人都讨厌去传统的汽车经销商那儿，不少人叫他们“黑店”不是没道理的。不管是买新车、二手车还是去修车，出来的时候都感觉自己被坑了。大家对这些经销商可没什么同情心。

svenhans662
This is so true, EVs have zero ecological impact in its production. And the electricity used by them is 100% climate friendly. No coal plants used here.

这话说得太对了，电动车生产过程对生态环境零影响，而且用电也完全环保，又没用煤电厂的电。

timtessman3107
I'd be pretty worried if I were a GM employee

要是我是通用汽车的员工，我肯定慌得一批。

douglasvoncannon3073
An asset is only worth what someone else is willing to pay for it.

一件资产的价值，取决于别人愿意出多少钱买它。

JohnSmith-x3y8h
Not completely true because assets can be written off against tax.

也不全对，因为资产可以用来抵税。

jayceh
If an asset generates income then its worth the current value of future cash flows

如果一项资产能带来收益，那它的价值就等于未来现金流的现值。

MLF-kq8ut
The sooner GM gets a few variants of that super affordable Wuling Mini EV in more markets the better. A little pick-up and van/caddy version of that car would do really nicely in Australia and Europe. Hopefully GM can swing some way to tool up and make them in the States too.

通用汽车要是能尽快把超实惠的五菱宏光MINIEV推出几个变体车型，投放到更多市场就好了。出个小皮卡、小货车或者厢式版本，在澳大利亚和欧洲肯定很有市场。希望通用能想办法在美国也生产这些车型。

bengt_axle
The value of a company (or any asset) is always what it produces in return. It doesn't matter how expensive the equipment is. I think those hedge funds are getting in touch with you because you probably have a better perspective of where things are going, as opposed to what these companies have been doing, or what factories they own. What you've covered better than a lot of other websites or experts, is how the Chinese EV makers are the world leaders, even though their brands may not be well known to Western consumers

一家公司（或任何资产）的价值，归根结底在于它能带来多少回报。设备多贵都不重要。

我觉得那些对冲基金联系你，可能是因为你对未来发展趋势看得更准，而不是只盯着这些公司过去做了什么，或者他们有多少工厂。

你比很多其他网站和专家厉害的地方在于，你指出了中国电动车制造商已经是全球领先，尽管西方消费者可能还不太熟悉这些品牌。

Jim-jh9bd
when will GM and the rest learn

通用和其他车企什么时候才能学聪明点儿啊？

johnnguyen1692
Tesla model 3 in china starts from 30k usd, how much it's in USA?

特斯拉Model 3在中国起售价3万美元，在美国卖多少钱呢？

frostcb2
$42,490 with no incentives

42490美元，而且没有补贴。

drewthompson7457
I'd be interested in a newer vehicle as my needs have changed. But now evevy manufacturer has doubled their prices, while halving their reliability. Now, millions of vehicles have recalls for major faults that were built in. I'll likely keep what I have while looking for an older vehicle, or maybe wait a few more years and see if things inprove now that the U.S. has relaxed some emission laws.

我本来还挺想换辆新车的，毕竟需求变了嘛。但现在车企都把价格翻了一倍，质量却下降了一半。现在上百万辆车因为严重的固有缺陷被召回。我可能还是留着现有的车，再看看能不能淘一辆旧车，或者再等几年，看看美国放宽排放标准之后，情况会不会好点儿。

monketstyling
Why would they buy US cars when the US bans Chinese cars?

美国都禁了中国车，中国人为啥还要买美国车呢？

Ahda108
When will GM up for sale like Nissan??

通用什么时候会像日产一样被挂牌出售呢？

FrunkensteinVonZipperneck
2025: Tony Seba predicted this would be when LEGAs slide into The Valley of Death. The guy is from the future

2025年，托尼·塞巴曾预测这一年传统车企会陷入绝境。这家伙就跟开了天眼似的。

fwmack1
Problem the maret has is stranded assets as with most of the energy transition to put it in accounting terms assets valuation are based on a going concern

从会计角度讲，市场的问题在于，在能源转型过程中，很多资产变成了闲置资产，资产估值是基于企业持续经营假设的。

IntoTheFray.58
If legacy auto could flip a switch, turn their companies around and make billions of dollars, why aren't they doing so? If they could do it and aren't, isn't that failing their duty as a fiduciary? The truth is that they can't. They don't have the skills, they don't have the mindset, they don't have the will, to overcome their inertia and they are doomed to fail.

要是传统车企能一键扭转局面，让公司起死回生赚大钱，他们为啥不这么干呢？

要是能做到却不做，这不是没尽到受托人的责任吗？

但事实是他们做不到啊。他们没技术，没思路，也没决心去克服自身的惰性，注定要失败。

cfwin1776
Plenty of blames to go around: US automakers have to report profits every three months. They have to be short sighted to maxmize profits and avoid long term investments. The US government does not have long term thinkers to help guide companies through tax and other incentives. China is likely to pull ahead in AI, robotics, and even microchip manufacturing in ten years. China has all the ingredients for competition: talents, finance, government officials who want local companies to win. Trump and Biden have achieved exactly the opposite when they restrict technology to Chinese companies.

这事儿各方都有责任：美国车企每三个月就得汇报一次利润，所以他们只能短视，为了追求利润最大化，不愿意做长期投资。美国政府也没有高瞻远瞩的人，没办法通过税收和其他激励措施来引导企业。

未来十年，中国很可能在人工智能、机器人技术，甚至芯片制造方面领先。中国具备竞争所需的一切要素：人才、资金，还有希望本国企业获胜的政府官员。特朗普和拜登对中国企业进行技术限制，结果适得其反。

gordongekko4752
Closing of all GM plants in China and the rest of the world makes GM a regional (not a global) car company

通用关闭在中国和全球其他地方的工厂，这就把自己变成了一家地区性（而非全球性）汽车公司。

ryan6391
The board will pump up the stock with buybacks then sell before the crash.

董事会会通过回购抬高股价，然后在崩盘前套现。

bigtom1948
Boy that Mary is something. She should pay back all those bonuses due to lack of foresight. After all that's what she is paid for isn't it?

那个通用汽车高管玛丽可真行啊。她这么没远见，应该把之前拿的奖金都吐出来。毕竟她拿高薪就是要干这个的，不是吗？

Newoak
I don’t think electric cars are tremendously appealing in the west yet. They are generally more expensive when compared to gas cars in their size class, and there are no charge time issues, or refill network issues. I would also say cheaper gas cars, are more appealing than more expensive plug in hybrids at this point. The repair costs for hybrids and electrics are outrageously high, right now. I think most of the story of what is happening, is the Chinese have decided to buy Chinese cars, decimating western auto companies. In G-d I trust.

我觉得目前电动车在西方还没那么大吸引力。同级别车型里，电动车通常比燃油车贵，而且还存在充电时间长和充电网络不完善的问题。就目前来说，便宜的燃油车比贵的插电式混动车更有吸引力。现在混动和电动车的维修成本高得离谱。我觉得现在这局面，主要是因为中国人都愿意买国产汽车，把西方车企给挤兑惨了。愿上帝保佑。

michael-qp9xd
I was in china shenyang when this gm factory was under construction. My company about 5 miles away was then to produced HEX units for the cars here which were GM Cruze then. Just hard to believe now almost sold at junk pricing. The company i worked for nearby still in business but makes HEX units for many other brands. Back with GM Cruze this was very good car for Chinese upper middle class and a bit of a status symbol compared to all poor cars made by the Chineses companies then. But now is reversed with Chinese much superior. Just to bad for GM.

通用这家工厂在建的时候我就在中国沈阳。当时我所在的公司在5英里外，给这里生产的通用克鲁兹汽车制造HEX部件。现在简直不敢相信，这家工厂几乎是贱卖了。

我当时工作的那家公司现在还在运营，不过是给很多其他品牌生产HEX部件。以前通用克鲁兹对中国中上层阶级来说是很不错的车，跟当时中国企业生产的那些不怎么样的车比起来，还有点身份象征的意思。

但现在风水轮流转，中国车比通用的车强多了。通用这下可惨了。

tonywagner4836
I am really short on hard facts here but I think GM has partnered with a chinese company and has a smallish city car they are just starting to market in China. 200 km range

我不太确定，但我记得通用好像和一家中国公司合作，推出了一款小型城市车，刚在中国市场上市，续航200公里。

paulc6766
They have been doing this for years. Wulong, contributes about $10 per car to GM profits.

他们这么干已经好些年了。五菱每辆车能给通用带来大概10美元的利润。

robertdollar8758
What must all these huge auto companies be thinking? They must have an inkling of their imminent failure, given the Chinese car manufacturing renaissance. Denial?

这些大型车企到底在想什么呢？看到中国汽车制造业崛起，他们肯定也隐隐约约知道自己快不行了吧。难道还在自欺欺人？

douginorlando6260
If GM breaks out the asset value of their Chinese factories, then we could estimate how many years of profit it will take to write them all off.

要是通用把在中国的工厂资产价值单列出来，我们就能估算出得用多少年的利润才能把这些资产的成本赚回来。

WuJiZhang-wc9mc
Right now the momentum is in China brand. From car, smartphone, TV, AC, etc.
I just don't buy non-Chinese anymore.
I think the old-brand of everything need to up the ante

现在中国品牌势头正猛啊，汽车、智能手机、电视、空调等等都是。我现在都不买外国货了。我觉得那些老品牌都得加把劲了。

grahamkearnon6682
This could be the year of management bailing from the main dinosaur manufacturers. Profit forecasts are terrible. The MBA dominated boards hell bent on profit per quarter, every quarter to guarantee the all important bonus or lions share of pay per year are looking around job wise. Tesla no longer the darling & far to fragmented management wise is not desirable now.

今年可能是那些大型传统车企管理层集体跑路的一年。利润预期太糟糕了。那些MBA主导的董事会一门心思追求每个季度的利润，就为了保证每年能拿到至关重要的奖金或者大部分薪资，现在都开始四处找新工作了。特斯拉现在也不再是宠儿，而且其管理太过分散，现在也不那么吃香了。

jacquesmainguy1
February 17, 2026: CNBC comments on the meteoric recovery of Tesla stock on the NYSE, as GM and Ford announce their merger, and both their stock lose 15% on the news. Electric Viking: I told you so. In January 2025, when so many thought that the elimination of all EV incentives in the U.S. and Elon Musk's PR fiasco outside the U.S. would doom Tesla.

2026年2月17日：美国全国广播公司财经频道报道，通用汽车和福特宣布合并，消息一出，两家公司股价应声下跌15%，而特斯拉股票却在纽约证券交易所强势回升。“电动维京人”（可能是某个行业评论者）估计会说：“我就说吧。” 早在2025年1月，当时很多人都觉得，美国取消所有电动车补贴，再加上埃隆·马斯克在海外的公关危机，特斯拉肯定要完了。

hg60justice
the latest to the party for electric are struggling badly.
GM i think has enough offerings with more coming.
ford is still limited in their variety of offerings.
chrysler as a part of stellantis, well, say goodbye.
in australia the "american" based companies there struggle with chinese imports that they can't match.
think with trumps threat canada would be better to align to china or europe for future trade.

那些刚涉足电动车领域的企业现在日子可不好过。我觉得通用汽车已经推出了不少车型，而且后续还会有更多。福特的电动车种类仍然有限。至于作为Stellantis集团一部分的克莱斯勒，估计得跟市场说再见了。

在澳大利亚，那些美国车企在与中国进口车的竞争中节节败退，根本没法比。考虑到特朗普时期的贸易威胁，加拿大以后和中国或者欧洲开展贸易合作或许才是更好的选择。

nickmcconnell1291
It's unfortunate that the US OEMs are cooked. Any company or industry that will die unless protected by artificial tariffs is really dead already. They are zombies if they cannot compete on price and value for money and still make a profit on those goods.
Yes the OEMs, who also are govt subsidized to an extent, are up against competition from Chinese car manufacturers who would not be in business without their own massive govt subsidies.
The US govt could play the same game and up their support of the OEMs but for what? ICE cars? Until US OEMs (excl Tesla here) start making really good EVs they can't compete because EVs are a better car plain and simple. They are just better tech.
It is indeed like Nokia trying to sell their old phones in a world that knows about the smart phone. Doomed.

很不幸，美国的原始设备制造商（OEM，这里指汽车制造商）算是完了。任何一家公司或一个行业，如果离开人为设置的关税保护就活不下去，那其实早就名存实亡了。如果它们不能在价格和性价比上竞争，还妄想靠这些产品盈利，那就是行尸走肉。

没错，美国的汽车制造商在一定程度上得到了政府补贴，但他们现在面临来自中国汽车制造商的竞争，而中国车企要是没有本国政府的大力补贴，也无法立足市场。

美国政府也可以如法炮制，加大对本国汽车制造商的支持，但这么做图什么呢？为了燃油车吗？除非美国的汽车制造商（这里不包括特斯拉）能生产出真正优秀的电动车，否则他们根本竞争不过，因为电动车就是更好，技术上更先进。这就好比在智能手机时代，诺基亚还想靠卖老款手机生存，注定要失败。

stephenkrall7609
Buick isn't even a desirable brand here in the US. The only people I seem driving them are 60 plus year olds. There is just nothing appealing about a Buick. GM could save money by not making them at all. IMHO

别克在美国甚至都不是个受欢迎的品牌。我感觉路上开别克车的都是60岁以上的老人。别克车实在没什么吸引人的地方。要我说，通用干脆别生产别克车了，还能省点钱。

GMacD173
I bought a giant 1984 Buick Electra 225 wagon complete with the fake wood panelling in 1996. It had 180k on it at the time but I was desperate for a family sedan with 4 kids. It was an amazing vehicle. I was able to repair many of the problems it had at the time. Fond memories of family outings. As for today’s Buick product, I would not touch them. They have made in China stamped all over them and they are ugly. That said our 2023 M3 was also made in china and we love it.

1996年，我买了一辆1984年产的巨型别克Electra 225旅行车，车身还有仿木饰板。当时它已经跑了18万英里，但我有4个孩子，急需一辆家用轿车，所以就买了它。那辆车真的很棒，当时它的很多毛病我都能修好。它承载了我们一家人外出游玩的美好回忆。

但现在的别克产品，我根本看不上。到处都印着“中国制造”，而且样子还丑。不过话说回来，我们2023年买的特斯拉Model 3也是中国制造，我们可喜欢了。