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 ...
General Motors (NYSE:GM) expects to record two non-cash charges of more than $5B on its joint venture in China, the automaker ...
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 ...
The poor performance of General Motors’ Chinese joint ventures is forcing the company to write down assets and take a ...
GM's profits and market share have tumbled, so much that, like other multinationals, the company's long-term presence in ...
General Motors said it expects to incur more than $5 billion in impairment charges and writedowns in the fourth quarter ...
GM shares down after recognizing $2.7 billion equity loss in China joint ventures. The company expects to record an other ...
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 ...
GM has lost money in China for three consecutive quarters, with its sales in the country falling 18 percent in the first nine ...
General Motors said on Thursday its Chinese joint ventures have seen strong sales growth for a fifth straight month in ...
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.
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 ...