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

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.

By: Business Insider

Dec 05 2024
16
11671 Views

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

General Motors CEO Mary Barra.Kimberly White/Getty Images for TechCrunch
General Motors is set to take a hit of more than $5 billion on its operations in China amid an onslaught of competition from … [+448 chars]

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

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