GM takes $5b hit to restructure struggling China ventures

By Newsweek   |   1 year ago
GM takes $5b hit to restructure struggling China ventures

General Motors faces over $5 billion in charges in Q4 due to underperforming Chinese ventures. Despite this, GM projects a net profit between $10.4B and $11.1B for the year. Domestic automakers in China are gaining traction, challenging foreign competitors.

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