General Motors’ Operations in China Take a $5-Billion Hit

Quick Summary:

US carmaker says it will record non-cash charges of more than $5 billion on its joint venture with SAIC in China, one for the rejig of operations, and another on its reduced value

The post General Motors’ Operations in China Take a $5-Billion Hit appeared first on Asia Financial.

General Motors issued a warning to shareholders on Wednesday that shows just how painful and tricky the transition has become, given the geopolitical tensions and rivalry between the world’s top two economies.

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Article Details

Author / Journalist: Jim Pollard

Category: InvestingBusiness

Markets: Hong KongAustraliaChinaJapanThailand

Topics: New Energy Vehicles Energy Insights Transport Asia World Market Insights New Energy China-US Economic Ties Transport Insights Fintech ESG Electric Vehicles

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-04 @ 12:30:45 (21 hours ago)

News Timezone: GMT +8:00

News Source URL: asiafinancial.com

Language: English

Article Length: 556 words

Reading Time: 4 minutes read

Sentences: 28 lines

Sentence Length: 20 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Asia Financial

News ID: 24119005

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