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Major American Automaker To Take $5 Billion Hit For Operations In China Amid Steep Competition — IJR News

Major American Automaker To Take $5 Billion Hit For Operations In China Amid Steep Competition

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Major American Automaker To Take $5 Billion Hit For Operations In China Amid Steep Competition

1 source·Updated Jul 1, 2026

General Motors (GM) said Wednesday that it would record two non-cash charges totaling over $5 billion on its joint venture operations with SAIC Motors in China, according to Reuters. The automaker expects a $2.7 billion…

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Last updatedJul 1, 2026

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