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 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 ...
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 ...
The charge marks the latest example of how global automakers are struggling in China as local consumers embrace electric ...
General Motors Co. (GM) revealed in a Form 8-K filing with the Securities and Exchange Commission on Wednesday that it expects to ...
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 ...
General Motors announces a $5 billion restructuring charge and asset write-down due to underperformance in its Chinese 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 said on Thursday its Chinese joint ventures have seen strong sales growth for a fifth straight month in ...
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 ...