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 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 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 faces a $5 billion hit in China due to writedowns and restructuring. Learn how GM plans to navigate market ...
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 announced Wednesday it will book more than $5 billion in losses and write-downs due to the restructuring of ...
GM shares down after recognizing $2.7 billion equity loss in China joint ventures. The company expects to record an other ...
GM’s sales and market share has been gradually declining as competition in China increases from local automakers. The loss announced on Wednesday includes $US5 billion in restructuring costs and a ...
General Motors Co. will incur more than $5 billion in charges and writedowns tied to its troubled operations in China as the ...