GM to take more than $5 billion in charges on China operations

By Yahoo! Finance   |   1 year ago
GM to take more than $5 billion in charges on China operations

General Motors (GM) announced over $5 billion in non-cash charges for its China joint venture due to restructuring and reduced value. GM partners with SAIC Motors to produce Buick, Chevrolet, and Cadillac vehicles in China, facing challenges in a competitive market.

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