General Motors expects a restructuring of its joint venture operations with SAIC Motor Corp. in China to cost more than $5 billion in charges and writedowns. The restructuring charges for the “SGM” joint venture are…
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GM expects more than $5 billion impact from China restructuring, including plant closures
GM Sees $5 Billion Hit to Restructure Troubled China Business
General Motors Co. will incur more than $5 billion in charges and writedowns tied to its troubled operations in China as the automaker tries to salvage its once-profitable business in the world’s …
Losses in China lead to $5 billion charge for General Motors as it cuts the value of its assets
The poor performance of General Motors’ Chinese joint ventures is forcing the company to write down assets and take a restructuring charge totaling more than $5 billion in the fourth quarter of this y …
China losses force General Motors to take over $5B in charges to restructure and cut asset values
The poor performance of General Motors’ Chinese joint ventures is forcing the company to write down assets and take a restructuring charge totaling more than $5 billion in the fourth quarter of this …
General Motors is taking a $5 billion-plus hit on its operations in China
GM said it would write down the value of its joint venture with China’s SAIC Motors by as much as $2.9 billion and incur restructuring charges.
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