General Motors to book $5 bil. charge on China operations
US automaker General Motors says it will take a 5 billion-dollar charge to restructure and write down the value of its China ...
GM takes $5 billion hit from struggling business in China
Automakers such as General Motors are beginning to fall behind as Chinese automakers stretch ahead in sales, appealing to consumers wanting EV and hybrid vehicles.
General Motors Takes $5 Billion Hit From Ailing China Business
The charge marks the latest example of how global automakers are struggling in China as local consumers embrace electric ...
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GM Plans $5 Billion Restructuring of China Joint Venture With SAIC Motor
General Motors expects over $5 billion in non-cash charges and writedowns from restructuring its joint venture operations ...
GM to take more than $5 billion in charges on China operations
General Motors told shareholders on Wednesday that it would record two non-cash charges totaling more than $5 billion on its ...
GM China to take $5B hit; ‘there will be no comeback story,’ expert says
GM’s issues in China are no surprise to the automaker. The company lost $347 million in the region through Q3 of this year ...
Losses in China lead to $5B charge for General Motors as it cuts assets value
The poor performance of General Motors’ Chinese joint ventures is forcing the company to write down assets and take a ...
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GM To Take More Than $5 Billion In Charges From China Joint Ventures
Restructuring and maintaining the SAIC-GM joint venture is costing GM billions this year as sales continue to decline against ...
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Major American Automaker To Take $5 Billion Hit For Operations In China Amid Steep Competition
General Motors (GM) said Wednesday that it would record two non-cash charges totaling over $5 billion on its joint venture ...
Losses in China lead to $5-billion charge for General Motors
The poor performance of General Motors’ Chinese joint ventures is forcing the company to write down assets and take a ...
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GM sees $5 billion impact from restructuring in China
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 ...