GM faces a $5 billion hit as it scrambles to adapt to China's electric vehicle revolution and fierce competition from local ...
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's profits and market share have tumbled, so much that, like other multinationals, the company's long-term presence in ...
General Motors (GM) anticipates over $5B in non-cash charges related to its joint venture in China due to restructuring and ...
The poor performance of General Motors’ Chinese joint ventures is forcing the company to write down assets and take a ...
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 announces a $5 billion restructuring charge and asset write-down due to underperformance in its Chinese joint ...
The charge marks the latest example of how global automakers are struggling in China as local consumers embrace electric ...
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 Co. (GM) revealed in a Form 8-K filing with the Securities and Exchange Commission on Wednesday that it expects to ...
GM shares down after recognizing $2.7 billion equity loss in China joint ventures. The company expects to record an other ...
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 ...