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.
Asian equities had a strong day as Indonesia was up more than 2%, while Japan, Pakistan, South Korea, Taiwan, and Thailand ...
Business sentiment among German companies in China is at an all-time low, a German business lobby group said on Wednesday, as ...
In a government filing Wednesday, General Motors indicated its investment in its operations in China have devalued by $5 ...
2hon MSN
The poor performance of General Motors' Chinese joint ventures is forcing the company to write down assets and take a ...
China’s Finance ministry canceled the 13% VAT refund/rebate on exported aluminum and copper semi-finished products effective ...
China issued a ban Tuesday on exporting to the U.S. critical rare earth minerals for semiconductors, infrared, fiber optics ...
GM reported a $347 million loss from these ventures between Jan. and Sept., compared with a $353 million profit during the ...
China will start limiting exports of critical metal tungsten this weekend, just as alternatives to Chinese suppliers of the ...
Shares have started the week higher in Asia, led by gains in China as monthly surveys showed improving conditions for ...
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 ...
Kevin Liu of CICC Research says that potential further 10-20% tariffs on China by the U.S. are already priced in by the ...
Results that may be inaccessible to you are currently showing.
Hide inaccessible results
Feedback