GM Writes Down Chinese Joint Venture. It’s a Warning for American Car Makers.
General Motors will take more than $5 billion in one-time charges in the fourth quarter related to a struggling Chinese joint venture.
GM's stock retreats on China costs as price wars face car makers
General Motors Co.’s stock slid 2.9% early Wednesday as the auto giant’s joint-venture in China booked more than $5 billion in impairment charges and write-downs in the face of competitive price wars in that market.
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 largest car market.
GM is taking a $5 billion hit to fix up its struggling China business
General Motors (GM) is set to take a hit of more than $5 billion to fix up its joint venture business in China, the automaker said Wednesday.
GM sounds a warning on troubled China market, becoming latest carmaker to do so
General Motors Co.’s stock slid 2.5% early Wednesday as the auto giant’s joint-venture in China booked more than $5 billion in impairment charges and write-downs in the face of competitive price wars in that market.
GM announces more than $5 bn hit to earnings in China venture
General Motors announced Wednesday it will book more than $5 billion in losses and write-downs due to the restructuring of its China joint-venture.
GM signals more trouble for China’s auto market with $5 billion-plus in impairment charges and write-downs
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 warns Wall Street of a $5 billion hit it expects to take from losses in China
In a government filing Wednesday, General Motors indicated its investment in its operations in China have devalued by $5 ...
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 ...
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 ...
GM recalls more than 132,000 Chevrolet, GMC trucks over tailgate issue: Affected models
General Motors is recalling over 132,000 Chevrolet Silverado and GMC Sierra trucks equipped with power-unlatching tailgates.
GM recalls over 132,000 trucks over tailgate unlatching, NHTSA says
The National Highway Traffic Safety Administration said on Tuesday that General Motors is recalling about 132,037 trucks due ...
Losses in China lead to $5B charge for General Motors as it cuts the value of its assets
The poor performance of the Detroit automaker's Chinese joint ventures is forcing the company to write down assets and take a ...
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China Has Become A Liability For General Motors
General Motors is taking a hard look at its struggling Chinese operations, with plans to restructure its joint venture with ...
Ford or General Motors: Which Auto Stock Deserves Your Cash Now?
After a detailed analysis, General Motors emerges as the stronger contender, better positioned to deliver superior returns ...