The noncash charges will reduce the company’s net income, but they will not affect adjusted pretax earnings, GM said in the filing with the U.S. Securities and Exchange Commission.
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 charge marks the latest example of how global automakers are struggling in China as local consumers embrace electric ...
General Motors announces a $5 billion restructuring charge and asset write-down due to underperformance in its Chinese joint ...
General Motors (NYSE:GM) expects to record two non-cash charges of more than $5B on its joint venture in China, the automaker ...
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 Co. (GM) revealed in a Form 8-K filing with the Securities and Exchange Commission on Wednesday that it expects to ...
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 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 ...
The poor performance of General Motors’ Chinese joint ventures is forcing the company to write down assets and take a ...
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 ...