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Losses in China lead to $5 billion charge for General Motors
General Motors Takes $5 Billion Hit From Ailing China Business
General Motors said it expects to incur more than $5 billion in impairment charges and write-downs in the fourth quarter related to its business in China.The automaker on Wednesday said it was taking the action after a review of its joint venture with SAIC Motor,
Losses in China lead to $5 billion charge for General Motors as it cuts the value of its assets
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 fourth quarter of this year.
General Motors to book $5 bil. charge on China operations
US automaker General Motors says it will take a 5 billion-dollar charge to restructure and write down the value of its China operations.
3h
GM recalling 132K trucks: If you have one of these vehicles, bring it to your dealer ASAP
General Motors (GM) is recalling 132,037 trucks due to malfunctioning tailgates that unlatch without warning. GM’s recall ...
11h
on MSN
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 ...
https//carbuzz
54m
General Motors Once Built A Toyota And Very Few Remember It
While the Toyota Cavalier wasn't a total failure, it did not attract nearly as many Japanese buyers with its American charm.
7h
on MSN
If Trump relaxes regulations, GM may offer fewer hybrids, EVs, CFO says
GM CFO Paul Jacobson told Wall Street the company has war gamed different scenarios, but doesn't want to overreact.
Seeking Alpha
6h
General Motors Company (GM) UBS Global Industrials and Transportation Conference - (Transcript)
Thank you very much. Joe Spak, auto analyst here at UBS. Very pleased to have with us
General
Motors
, Paul Jacobson, Executive Vice President and CFO of
GM
. Paul, I know a bunch of
news
out ...
9h
on MSN
GM warns of $5B hit in upcoming quarterly report
Auto giant General Motors warned in government filings on Wednesday that it will take a $5 billion hit in the fourth quarter ...
7h
on MSN
GM and EVgo now have over 2,000 EV charging stalls and counting
General Motors and EV charging company EVgo announced that they’ve installed their 2,000th public EV charging stall, in ...
IJR
1d
General Motors Strikes Deal To Offload Battery Plant Stake To LG
General Motors (GM) announced Monday a shift in its electric vehicle (EV) strategy by agreeing to sell its share of ...
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