Losses in China lead to $5B charge for General Motors as it cuts the value of its assets

The poor performance of General Motors' Chinese joint ventures is forcing the company to write down assets and take a restructuring charge totalling more than $5 billion USD in the fourth quarter of this year.The Detroit automaker said in a

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August 29, 2024

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Losses in China lead to $5B charge for General Motors as it cuts the value of its assets

Losses in China lead to $5B charge for General Motors as it cuts the value of its assets

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