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 ...
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 (NYSE:GM) expects to record two non-cash charges of more than $5B on its joint venture in China, the automaker ...
The poor performance of General Motors' Chinese joint ventures is forcing the company to write down assets and take a ...
General Motors said it expects to incur more than $5 billion in impairment charges and writedowns in the fourth quarter ...
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 ...
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 CEO Mary Barra has said that China’s crowded market is a “race to the bottom”. For GM, it’s a contest that’s ...
General Motors Company (NYSE:GM) shares are trading lower on Wednesday after the company concluded that a material impairment ...
US automaker General Motors says it will take a 5 billion-dollar charge to restructure and write down the value of its China ...
General Motors faces a $5 billion hit in China due to writedowns and restructuring. Learn how GM plans to navigate market ...