The automaker Wednesday said its audit committee concluded a material impairment of its interest in SAIC General Motors was required after finding a material loss in value of its investments in jo ...
GM for years has owned 50% of its joint venture with SAIC General Motors Corp. and has other joint ventures, including a finance arm. The ventures used to be a reliable source of equity income for ...
Everyday reliability is important in a highly competitive EV market. SAIC-GM is General Motors' joint venture in China that ...
SAIC, based in Shanghai, says it is the largest automaker in China, turning out 5 million vehicles in 2023. It also has partnerships with General Motors and other automakers. Earlier this year ...
General Motors said in a regulatory filing that it will incur more than $5 billion in non-cash charges and write-downs associated with its joint venture with SAIC Motor Corporation in China.
SAIC, based in Shanghai, says it is the largest automaker in China, turning out 5 million vehicles in 2023. It also has partnerships with General Motors Co. and other automakers. Earlier this year ...
SAIC, based in Shanghai, says it is the largest automaker in China, turning out 5 million vehicles in 2023. It also has partnerships with General Motors and other automakers. Earlier this year ...