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.
GM expects more than $5 billion impact from China restructuring
General Motors expects a restructuring of its joint venture operations with SAIC Motor Corp. in China to cost more than $5 ...
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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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 ...
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WTW and Bain Capital partner to re-enter treaty reinsurance market
The partnership with Bain Capital marks a significant step in WTW’s efforts to reestablish a presence in the treaty ...
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 ...
GM Takes $5B Hit to Restructure Struggling China Ventures
GM reported a $347 million loss from these ventures between Jan. and Sept., compared with a $353 million profit during the ...
General Motors expects a $5 billion hit from China restructuring
GM expects restructuring its joint venture with SAIC to result in a $5 billion hit. It expects this move to improve its China business in 2025 ...
GM to take $5 billion in charges for changes to China business
GM and other U.S. automakers are struggling in China amid increasing domestic competition and changing consumer behavior ...