Last month, General Motors said it would incur a writedown and restructuring charges or over $5bn in relation to its underperforming Chinese joint ventures (JVs).

General Motors (NYSE: GM) expects to record two non-cash charges of more than $5B on its joint venture in China, the automaker said in a regulatory filing on Wednesday.

General Motors (GM) is set to incur a writedown and restructuring charges exceeding $5bn in relation to its underperforming Chinese joint ventures (JVs).

General Motors Co.’s stock slid Wednesday as the auto giant’s joint-venture in China booked more than $5 billion in impairment charges and write-downs in the face of competitive price wars in ...

General Motors Co. will incur two noncash charges of more than $5 billion for recognizing the change in value of its joint-venture business in China and restructuring costs there, according to a ...

Microsoft said it will record an $800 million impairment charge tied to its minority investment in General Motors’ now-scrapped Cruise robotaxi program.

January 28, 2025 0 20 General Motors swung to a loss in the fourth quarter on huge charges related to China, but still topped profit and revenue expectations on Wall Street.

General Motors swung to a loss in the fourth quarter on huge charges related to China, but still topped profit and revenue expectations on Wall Street.

(RTTNews) - General Motors Co. (GM) revealed in a Form 8-K filing with the Securities and Exchange Commission on Wednesday that it expects to record charges of around $5 billion in the fourth ...

GM said it would write down the value of its joint venture with China's SAIC Motors by as much as $2.9 billion and incur restructuring charges.

General Motors said it expects to incur more than $5 billion in impairment charges and write-downs this quarter because of weakness in its China business. Shares in the automaker, which are up ...