GM's profits and market share have tumbled, so much that, like other multinationals, the company's long-term presence in ...
The SAIC-GM partnership began in the 1990s. Its deal expires in 2027, and it's unclear whether it will be renewed in the face ...
The noncash charges will reduce the company’s net income, but they will not affect adjusted pretax earnings, GM said in the filing with the U.S. Securities and Exchange Commission.
General Motors (GM) anticipates over $5B in non-cash charges related to its joint venture in China due to restructuring and ...
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 ...
General Motors Company (NYSE: GM) has recently disclosed in an 8-K filing with the Securities and Exchange Commission that its equity interest in SAIC General Motors Corporation Limited (SGM), a joint ...
The charge marks the latest example of how global automakers are struggling in China as local consumers embrace electric ...
Company owns an equity interest in SAIC General Motors Corporation Limited, or ‘SGM,’ a 50-50 joint venture with SAIC Motor Corp., and an equity interest in SAIC-GMAC Automotive Finance Company ...
General Motors faces a $5 billion hit in China due to writedowns and restructuring. Learn how GM plans to navigate market ...
The poor performance of the Detroit automaker's Chinese joint ventures is forcing the company to write down assets and take a ...
General Motors GM revealed in a regulatory filing on December 4 that it is facing over US5 billion in charges due to poor ...