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 ...
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 is restructuring its joint venture operations with SAIC Motor Corp. in China, which will cost the automaker 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 ...
Bitcoin has crossed the $100,000-mark for the first time on Thursday. According to data provider CoinGecko, the total value ...
General Motors said in a regulatory filing that it will incur more than $5 billion in non-cash charges and write-downs ...
General Motors announced Wednesday it will book more than $5 billion in losses and write-downs due to the restructuring of ...
General Motors is to write off more than $5bn from the value of its businesses in China, as slowing demand in the country hits carmakers. In an announcement on Wednesday, GM said that there was a ...