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China, saic motor
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 vehicles from homegrown brands.
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 restructuring charges.
General Motors to record more than $5B in charges on China operations
General Motors (NYSE:GM) expects to record two non-cash charges of more than $5B on its joint venture in China, the automaker said in a regulatory filing on Wednesday. The Detroit automaker partners with SAIC Motors in China to build Buick,
GM Authority
10h
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 ...
Auto News India
1h
What’s good for China has Been very bad for General Motors. What it means
In China, where not long ago Buick and Chevrolet were two of the most popular foreign brands, General Motors’ profits and market share have tumbled.
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