GM to take more than $5 billion in charges on China operations
General Motors told shareholders on Wednesday that it would record two non-cash charges totaling more than $5 billion on its joint venture in China, one related to the restructuring of the operation and another reflecting its reduced value.
GM is struggling so much in China, it had to announce massive charges to fix its business
China, once GM’s largest and most important market, has become its biggest problem. General Motors told shareholders on Wednesday that it would record two non-cash charges totaling more than $5 billion on its joint venture in China, one related to the restructuring of the operation and another reflecting its reduced value.
General Motors (GM) is recalling 132,037 trucks due to malfunctioning tailgates that unlatch without warning. GM’s recall ...
In a government filing Wednesday, General Motors indicated its investment in its operations in China have devalued by $5 ...
GM reported a $347 million loss from these ventures between Jan. and Sept., compared with a $353 million profit during the ...
Auto giant General Motors warned in government filings on Wednesday that it will take a $5 billion hit in the fourth quarter ...
GM and CarBravo collaborated with the McCann MRM marketing to create a unique campaign leveraging the iconic Barbie Dream Car ...
Automakers such as General Motors are beginning to fall behind as Chinese automakers stretch ahead in sales, appealing to consumers wanting EV and hybrid vehicles.
GM’s issues in China are no surprise to the automaker. The company lost $347 million in the region through Q3 of this year ...
Patrick Anderson the Principal and CEO of Anderson Economic Group explains market realities that are shifting the auto ...
GM CFO Paul Jacobson told Wall Street the company has war gamed different scenarios, but doesn't want to overreact.
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