Deep search
Search
Copilot
Images
Videos
Maps
News
Shopping
More
Flights
Travel
Hotels
Real Estate
Notebook
Top stories
Sports
U.S.
2024 Election
Local
World
Science
Technology
Entertainment
Business
More
Politics
Any time
Past hour
Past 24 hours
Past 7 days
Past 30 days
Best match
Most recent
China, GM
GM Sees $5 Billion Hit to Restructure Troubled China Business
General Motors Co. will incur more than $5 billion in charges and writedowns tied to its troubled operations in China as the automaker tries to salvage its once-profitable business in the world’s largest car market.
GM sounds a warning on troubled China market, becoming latest carmaker to do so
General Motors Co.’s stock slid 2.9% early Wednesday as the auto giant’s joint-venture in China booked more than $5 billion in impairment charges and write-downs in the face of competitive price wars in that market.
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.
China Blocks Shipment of Rare Minerals to US
China Bans Rare Mineral Exports to the U.S.
The move escalates supply chain warfare and comes a day after the Biden administration expanded curbs on the sale of advanced American technology to China.
China Blocks Shipment of Rare Minerals to US: What To Know
China's ban on critical minerals include gallium and germanium and metalloid antimony, all used to manufacture semiconductors.
China’s Trade Reprisals May Extend to Minerals Like Rare Earths
China isn’t short of options when it comes to critical minerals that could be used as counters in a trade war with the US.
1d
China Market Update: China Economic Work Conference Dates Announced
Asian equities had a strong day as Indonesia was up more than 2%, while Japan, Pakistan, South Korea, Taiwan, and Thailand ...
3h
GM is struggling so much in China, it had to announce massive charges to fix its business
China, once GM’s largest and most important market, has become its biggest problem. General Motors told shareholders on Wednesday that it would record two non-cash charges totaling more than $5 ...
6h
German firms' China market sentiment falls to record low, survey shows
Business sentiment among German companies in China is at an all-time low, a German business lobby group said on Wednesday, as ...
3h
on MSN
GM warns Wall Street of a $5 billion hit it expects to take from losses in China
In a government filing Wednesday, General Motors indicated its investment in its operations in China have devalued by $5 ...
2d
on MSN
Stock market today: Asian shares gain as China is boosted by strong factory orders
Shares have started the week higher in Asia, led by gains in China as monthly surveys showed improving conditions for ...
1d
China's Export Tax Rebate Shock: The Aluminum Market Faces A New Reality
China’s Finance ministry canceled the 13% VAT refund/rebate on exported aluminum and copper semi-finished products effective ...
4h
on MSN
Hybrids are the latest trick for Chinese automakers seeking higher profits and global expansion
China is the world's largest EV market, but battery-electric pioneers are turning to hybrids in a drive to boost sales abroad ...
4h
on MSN
Losses in China lead to $5 billion 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 ...
Some results have been hidden because they may be inaccessible to you
Show inaccessible results
Feedback