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 joint venture in China, one related to the restructuring of the operation and another reflecting its reduced value.
GM is struggling so much in China, it had to announce massive charges to fix its business
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 billion on its joint venture in China, one related to the restructuring of the operation and another reflecting its reduced value.
General Motors expects a restructuring of its joint venture operations with SAIC Motor Corp. in China to cost more than $5 ...
In a government filing Wednesday, General Motors indicated its investment in its operations in China have devalued by $5 ...
General Motors Co.’s stock slid 2.9% early Wednesday as the auto giant’s joint-venture in China booked more than $5 billion ...
GM’s issues in China are no surprise to the automaker. The company lost $347 million in the region through Q3 of this year ...
General Motors said in a regulatory filing that it will incur more than $5 billion in non-cash charges and write-downs ...
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The poor performance of General Motors’ Chinese joint ventures is forcing the company to write down assets and take a ...
President-elect Donald Trump announced Wednesday that he intends to nominate cryptocurrency advocate Paul Atkins to chair the ...
Auto giant General Motors warned in government filings on Wednesday that it will take a $5 billion hit in the fourth quarter ...
General Motors expects a restructuring of its joint venture operations with SAIC Motor Corp. in China to cost more than $5 ...
General Motors Co.’s stock slid 2.9% early Wednesday as the auto giant’s joint-venture in China booked more than $5 billion ...
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