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 announces a $5 billion restructuring charge and asset write-down due to underperformance in its Chinese joint ...
The poor performance of General Motors’ Chinese joint ventures is forcing the company to write down assets and take a ...
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 ...
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 ...
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 ...
General Motors CEO Mary Barra has said that China’s crowded market is a “race to the bottom”. For GM, it’s a contest that’s ...
General Motors Company (NYSE:GM) shares are trading lower on Wednesday after the company concluded that a material impairment ...
US automaker General Motors says it will take a 5 billion-dollar charge to restructure and write down the value of its China ...