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GM, China

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.

Hosted on MSN · 2h

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.

Yahoo · 3h

GM is taking a $5 billion hit to fix up its struggling China business

General Motors (GM) is set to take a hit of more than $5 billion to fix up its joint venture business in China, the automaker said Wednesday.

China bans key mineral exports to U.S

The New York Times · 20h

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.

CBS News on MSN · 1h

China bans export of key minerals to U.S. as trade row deepens

As China responds to the latest U.S. measures by banning the export of several key minerals, one analyst warns of "a trade war that has no winners."

U.S. News & World Report · 1d

China Bans Exports of Gallium and Other Key High-Tech Materials, Hitting Back at US Chip Sanctions

China has announced it is banning exports to the United States of gallium, germanium, antimony and other key high-tech materials with potential military applications

18m

China Market Update: November Electric Vehicle Sales Roar (Silently)

Asian equities were mixed overnight as South Korea underperformed in an unexpected political development, Taiwan and ...

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 ...

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 ...

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 ...

4hon 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 ...

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 ...

1hon MSN

GM Takes $5B Hit to Restructure Struggling China Ventures

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

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 ...

4hon 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 ...

5hon 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 ...

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