General Motors Takes $5 Billion Hit From Ailing China Business
The charge marks the latest example of how global automakers are struggling in China as local consumers embrace electric ...
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GM Plans $5 Billion Restructuring of China Joint Venture With SAIC Motor
General Motors expects over $5 billion in non-cash charges and writedowns from restructuring its joint venture operations ...
GM takes $5 billion hit from struggling business in China
Automakers such as General Motors are beginning to fall behind as Chinese automakers stretch ahead in sales, appealing to consumers wanting EV and hybrid vehicles.
GM to take more than $5 billion in charges on China operations
General Motors told shareholders on Wednesday that it would record two non-cash charges totaling more than $5 billion on its ...
General Motors China JV Woes Trigger Billions In Charges: Details
General Motors Company (NYSE:GM) shares are trading lower on Wednesday after the company concluded that a material impairment ...
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 ...
Losses in China lead to $5B charge for General Motors as it cuts assets value
The poor performance of General Motors’ Chinese joint ventures is forcing the company to write down assets and take a ...
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GM To Take More Than $5 Billion In Charges From China Joint Ventures
Restructuring and maintaining the SAIC-GM joint venture is costing GM billions this year as sales continue to decline against ...
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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 ...
GM Taking More Than $5B Hit on Joint Venture in China
General Motors said in a regulatory filing that it will incur more than $5 billion in non-cash charges and write-downs ...
Losses in China lead to $5-billion charge for General Motors
The poor performance of General Motors’ Chinese joint ventures is forcing the company to write down assets and take a ...