Hosted on MSN1mon
GM sounds a warning on troubled China market, becoming latest carmaker to do so
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 ...
Wall Street Journal1mon
General Motors Takes $5 Billion Hit From Ailing China Business
General Motors GM-1.02%decrease; red down pointing triangle said it expects to incur more than $5 billion in impairment charges and write-downs in the fourth quarter because of weakness in its ...
The Independent1mon
China losses force General Motors to take over $5B in charges to restructure and cut asset values
Want to bookmark your favourite articles and stories to read or reference later? Start your Independent Premium subscription today. From reproductive rights to climate change to Big Tech, The ...
WLNS.com1mon
Losses in China lead to $5 billion charge for General Motors as it cuts the value of its assets
DETROIT (AP) — 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 ...
The Globe and Mail1mon
China losses force General Motors to take over $5B in charges to restructure and cut asset values
DETROIT (AP) — 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 ...