Express News | GM Is in Final Stages of China Restructuring – Company CFO
Express News | GM Aims to Be Profitable in China Next Year -- Company CFO
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General Motors (GM.US) will incur expenses and value write-downs exceeding 5 billion dollars in its business in China.
General Motors stated in a securities filing on Wednesday that it expects to impair the value of its joint venture business in China by $2.9 billion, and the company will incur an additional $2.7 billion in costs due to factory closures and restructuring of its operations in China.
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GM to Incur More Than $5 Billion in Impairment Charges and Writedowns on Its China Business
Express News | General Motors Expects To Recognize Additional Equity Losses Of Approximately $2.7 Billion Resulting From Implementation Of SGM's Restructuring Plan
Express News | General Motors Expects To Record An Other Than Temporary Impairment Of Equity Interest In The China JV's In The Range Of $2.6B – $2.9B In Three Months Ending December 31, 2024
Express News | General Motors Says Audit Committee Of Board Concluded Material Impairment Of Interest In SGM Was Required - Filing
Express News | GM: To Take at Least $5 Bln in Charges on China Ops, Including Restructuring Costs - Filing
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Express News | General Motors CFO Says "Excess Capacity" Was Factor in Decision to Sell Stake in Joint Venture Michigan Battery Plant to LG Energy Solution