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China, GM and saic motor

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 vehicles from homegrown brands.

Investopedia on MSN · 10h

GM Taking More Than $5B Hit on Joint Venture in China

General Motors said in a regulatory filing that it will incur more than $5 billion in non-cash charges and write-downs associated with its joint venture with SAIC Motor Corporation in China.

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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 with SAIC Motor Corp. in China. The company anticipates writing down $2.6 billion to $2.

Electrek11h

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 ...

Metal1d

SAIC Motor boasts 19.53% YoY jump in Jan.-Nov. 2024 NEV wholesales

Of the vehicles sold last month, 174,869 units were contributed by new energy vehicles (NEVs), representing a year-on-year rise of 16.06%.In the same month, SAIC Motor reported a volume of 94,153 ...

GlobalData on MSN5d

VW Group and SAIC extend JV agreement period to 2040

Volkswagen Group and SAIC Motor have signed an extension of their joint venture agreement until the year 2040. By extending ...

Volkswagen and Chinese partner SAIC to sell joint venture plant in west China's Xinjiang

Volkswagen and SAIC Motor say they have agreed to extend their 40-year-old automaking joint venture in China until 2040 ...

Metal2d

SAIC Motor launches second-generation magnesium alloy case for electric drive system

Shanghai (Gasgoo)- On November 29, SAIC Motor R&D Innovation Headquarters officially unveiled its self-developed second-generation magnesium alloy case for electric drive assembly, along with a ...