GM takes $5 billion hit from struggling business in China
General Motors told shareholders on Wednesday that it would record more than $5 billion in two non-cash charges in the fourth ...
General Motors is taking a $5 billion-plus hit on its operations in China
GM said it would write down the value of its joint venture with China's SAIC Motors by as much as $2.9 billion and incur ...
IJR8h
Major American Automaker To Take $5 Billion Hit For Operations In China Amid Steep Competition
General Motors (GM) said Wednesday that it would record two non-cash charges totaling over $5 billion on its joint venture ...
Losses in China lead to $5 billion charge for General Motors as it cuts the value of its assets
The poor performance of General Motors’ Chinese joint ventures is forcing the company to write down assets and take a ...
GM is struggling so much in China, it had to announce massive charges to fix its business
China, once GM’s largest and most important market, has become its biggest problem. General Motors told shareholders on Wednesday that it would record two non-cash charges totaling more than $5 ...
GM China to take $5B hit; ‘there will be no comeback story,’ expert says
GM’s issues in China are no surprise to the automaker. The company lost $347 million in the region through Q3 of this year ...
Electrek10h
GM sees $5 billion impact from restructuring in China
GM’s CEO Mary Barra told Fortune in October that China’s EV price war “has become a race to the bottom with pricing and the ...