The automotive giant revealed that it will reduce the value of its equity stakes in the ventures by $2.6bn to $2.9bn.
General Motors will take more than $5 billion in one-time charges in the fourth quarter related to a struggling Chinese joint ...
Restructuring and maintaining the SAIC-GM joint venture is costing GM billions this year as sales continue to decline against ...
GM’s CEO Mary Barra told Fortune in October that China’s EV price war “has become a race to the bottom with pricing and the ...
GM is restructuring its joint venture operations with SAIC Motor Corp. in China, which will cost the automaker more than $5 ...
China, once GM’s largest and most important market, has become its biggest problem. General Motors told shareholders on Wednesday that it would record two non-cash charges totaling more than $5 ...
GM’s issues in China are no surprise to the automaker. The company lost $347 million in the region through Q3 of this year ...
Bitcoin has crossed the $100,000-mark for the first time on Thursday. According to data provider CoinGecko, the total value ...
In a government filing Wednesday, General Motors indicated its investment in its operations in China have devalued by $5 ...
General Motors said in a regulatory filing that it will incur more than $5 billion in non-cash charges and write-downs ...
GM has a 50-50 joint venture in China with SAIC Motor Corp. — Shanghai General Motors — which makes and sells Chevrolet, ...
General Motors announced Wednesday it will book more than $5 billion in losses and write-downs due to the restructuring of ...