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 (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 ...
In a country that not long ago counted Buick and Chevrolet as two of the most popular foreign brands, GM’s profits and market ...
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 ...
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's equity interest in joint venture in China expected to see decrease of around $2.6 - 2.9B - Anadolu Ajansı ...
In China, where not long ago Buick and Chevrolet were two of the most popular foreign brands, General Motors’ profits and market share have tumbled.