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Coverage dated December 3, 2024

Losses in China lead to $5 billion charge for General Motors as it cuts the value of its assets - Boston News, Weather, Sports

Headline from WHDH Boston

DETROIT (AP) — The poor performance of General Motors’ Chinese joint ventures is forcing the company to write down assets and take a restructuring charge

WHDH Boston's own description from its feed. We collect headlines and these descriptions, not full articles; read the original reporting below.

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Reports & sources

11 articles, oldest first.

  1. Breitbart News

    GM announces more than $5 bn hit to earnings in China venture (opens Breitbart News)

    Published

    Breitbart News's feed description

    General Motors announced Wednesday it will book more than $5 billion in losses and write-downs due to the restructuring of its China joint-venture. Facing

  2. Fortune

    Poor performance at GM's China joint ventures leads to $5 billion charge for automaker (opens Fortune)

    Published

    Fortune's feed description

    GM for years has owned 50% of its joint venture with SAIC General Motors Corp. and has other joint ventures, including a finance arm.

  3. WHDH Boston

    Losses in China lead to $5 billion charge for General Motors as it cuts the value of its assets - Boston News, Weather, Sports (opens WHDH Boston)

    Published

    WHDH Boston's feed description

    DETROIT (AP) — The poor performance of General Motors’ Chinese joint ventures is forcing the company to write down assets and take a restructuring charge

  4. Investopedia

    GM Taking More Than $5B Hit on Joint Venture in China (opens Investopedia)

    Published

    Investopedia's feed description

    General Motors said in a regulatory filing that it will incur more than $5 billion in non-cash charges and write-downs associated with its joint venture with SAIC Motor Corporation in China.

  5. Insider

    General Motors is taking a $5 billion-plus hit on its operations in China (opens Insider)

    Published

    Insider's feed description

    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.

  6. Newsweek

    GM takes $5b hit to restructure struggling China ventures (opens Newsweek)

    Published

    Newsweek's feed description

    GM reported a $347 million loss from these ventures between Jan. and Sept., compared with a $353 million profit during the same period in 2023.

  7. NBC News

    GM expects more than $5 billion impact from China restructuring (opens NBC News)

    Published

    NBC News's feed description

    General Motors expects a restructuring of its joint venture operations with SAIC Motor Corp. in China to cost more than $5 billion.

  8. Washington Times

    Losses in China lead to $5 billion charge for General Motors as it cuts the value of its assets (opens Washington Times)

    Published

    Washington Times's feed description

    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.

  9. MyNorthwest

    China losses force General Motors to take over $5B in charges to restructure and cut asset values (opens MyNorthwest)

    Published

    MyNorthwest's feed description

    DETROIT (AP) — The poor performance of General Motors' Chinese joint ventures is forcing the company to write down assets and take a restructuring charge

Identical headlines usually mean shared wire copy. They are counted as separate articles but are not independent confirmation.

Losses in China lead to $5 billion charge for General Motors as it cuts the value of its assets - Boston News, Weather, Sports | Since Then