General Motors will take more than $5 billion in one-time charges in the fourth quarter related to a struggling Chinese joint ...
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 ...
Restructuring and maintaining the SAIC-GM joint venture is costing GM billions this year as sales continue to decline against ...
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 ...
In a government filing Wednesday, General Motors indicated its investment in its operations in China have devalued by $5 ...
GM and other U.S. automakers are struggling in China amid increasing domestic competition and changing consumer behavior ...
General Motors expects a restructuring of its joint venture operations with SAIC Motor Corp. in China to cost more than $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, ...
Automaker General Motors (GM) expects to take over $5 billion in non-cash charges on its joint-venture operations in China ...
General Motors Co.’s stock slid 2.9% early Wednesday as the auto giant’s joint-venture in China booked more than $5 billion ...