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GM to incur over $5bn in charges due to restructuring its Chinese JVs
General Motors (GM) is set to incur a writedown and restructuring charges exceeding $5bn in relation to its underperforming Chinese joint ventures (JVs). GM revealed in a recent regulatory filing ...
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General Motors sees more than $5.3B in charges related to China business
In a regulatory filing, GM stated: “General Motors (GM) Company owns an equity ... of SGM’s restructuring plan, which include impairment charges to be recognized by the China JVs related ...
Seeking Alpha1mon
General Motors to record more than $5B in charges on China operations
General Motors ... a temporary impairment of its equity interest in the China JVs in the range of $2.6B–2.9B in the three months ending December 31, 2024 The majority of these charges will ...
The Independent1mon
China losses force General Motors to take over $5B in charges to restructure and cut asset values
The poor performance of General Motors' Chinese joint ventures is forcing ... In addition, GM will take $2.7 billion worth of restructuring charges, most of it during the fourth quarter.
WPRI 121mon
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 ... In addition, GM will take $2.7 billion worth of restructuring charges, most of it during the fourth quarter.