The charge marks the latest example of how global automakers are struggling in China as local consumers embrace electric ...
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 ...
Restructuring and maintaining the SAIC-GM joint venture is costing GM billions this year as sales continue to decline against ...
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 Company (NYSE:GM) shares are trading lower on Wednesday after the company concluded that a material impairment ...
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 Co. (GM) revealed in a Form 8-K filing with the Securities and Exchange Commission on Wednesday that it expects to ...
Company's equity interest in joint venture in China expected to see decrease of around $2.6 - 2.9B - Anadolu Ajansı ...
General Motors told shareholders on Wednesday that it would record two non-cash charges totaling more than $5 billion on its ...