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China, General Motors
General Motors to Take $5 Billion Hit Amid Struggles in China
General Motors announces a $5 billion restructuring charge and asset write-down due to underperformance in its Chinese joint ventures.
General Motors to record more than $5B in charges on China operations
General Motors (GM) anticipates over $5B in non-cash charges related to its joint venture in China due to restructuring and market challenges.
General Motors is taking a $5 billion-plus hit on its operations in China
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 restructuring charges.
Losses in China lead to $5 billion charge for General Motors as it cuts the value of its assets
The poor performance of General Motors’ Chinese joint ventures is forcing the company to write down assets and take a restructuring charge totaling more than $5 billion in the fourth quarter of this year.
General Motors Faces $5 Billion Hit Amid Struggles in Chinese Market
General Motors faces a $5 billion hit in China due to writedowns and restructuring. Learn how GM plans to navigate market challenges,
General Motors suffers $12bn loss as Chinese market declines
China was once a profitable market for GM but the rise of local brands such as BYD and Geely threaten the success of auto giants. Chinese brands also benefit from government support, competitive pricing and the support of patriotic consumers.
GM Sees $5 Billion Hit From China Business Revamp
General Motors will have to take more than 5 billion dollars in charges and writedowns related to its troubled operations in China. This comes as GM tries to save its once-profitable company in the biggest vehicle market in the world.
GM Authority
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Will SAIC-GM Survive Beyond 2027?
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 ...
2d
on MSN
General Motors to Take $5 Billion Charge on China Business
General Motors said it expects to incur more than $5 billion in impairment charges and writedowns in the fourth quarter ...
1d
General Motors Reports Material Impairments in China Ventures
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 ...
3d
GM To Record About $5 Bln In Charges In Q4 Related To China JV Restructuring
General Motors Co. (GM) revealed in a Form 8-K filing with the Securities and Exchange Commission on Wednesday that it expects to ...
2d
‘Race to the bottom’: General Motors grapples with huge losses, uncertain future in China
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 ...
2d
General Motors China JV Woes Trigger Billions In Charges: Details
General Motors Company (NYSE:GM) shares are trading lower on Wednesday after the company concluded that a material impairment ...
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