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 level of subsidies.” Barra explained that low-cost loans enable some companies to sell cars at a loss, which puts pressure on foreign automakers like GM.
General Motors Co.’s stock slid 2.9% early Wednesday as the auto giant’s joint-venture in China booked more than $5 billion ...
General Motors announced Wednesday it will book more than $5 billion in losses and write-downs due to the restructuring of ...
GM’s issues in China are no surprise to the automaker. The company lost $347 million in the region through Q3 of this year ...
In a government filing Wednesday, General Motors indicated its investment in its operations in China have devalued by $5 ...
17hon MSN
The poor performance of General Motors’ Chinese joint ventures is forcing the company to write down assets and take a ...
General Motors said in a regulatory filing that it will incur more than $5 billion in non-cash charges and write-downs ...
Auto giant General Motors warned in government filings on Wednesday that it will take a $5 billion hit in the fourth quarter ...
General Motors (GM) is expected to take a $5 billion hit in non-cash charges over its joint-venture operation in China with ...
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 ...
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