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.
4 Dec 03:37 · The Seattle Times
General Motors is taking a $5 billion-plus hit on its operations in China
General Motors is set to take a hit of more than $5 billion on its operations in China amid an onslaught of competition from local rivals.The Detroit
4 Dec 11:57 · Business Insider Nederland
China losses force General Motors to take over $5B in charges to restructure and cut asset values
DETROIT (AP) — 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.
4 Dec 00:00 · Financial Post
last updated on 5 Dec 01:54