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 ...
The poor performance of General Motors’ Chinese joint ventures is forcing the company to write down assets and take a ...
General Motors announces a $5 billion restructuring charge and asset write-down due to underperformance in its Chinese joint ...
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 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 said on Thursday its Chinese joint ventures have seen strong sales growth for a fifth straight month in ...
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 ...