Thu, December 5, 2024
[ Thu, Dec 05th 2024 ]: Bill Williamson
FTSE 100 LIVE: London stocks muted as Vodafone merger gets green light and bitcoin hits $100k
[ Thu, Dec 05th 2024 ]: Bill Williamson
Marriage and expenses: Curious about impact on ex .. to work after tying the knot. How should I plan?
[ Thu, Dec 05th 2024 ]: Bill Williamson
Finance Adviser launches SICIP
[ Thu, Dec 05th 2024 ]: Bill Williamson
US Services Activity Expands at Slowest Pace in Three Months
[ Thu, Dec 05th 2024 ]: Bill Williamson
Shell and Equinor tie-up to create new UK oil and gas producer
[ Thu, Dec 05th 2024 ]: Bill Williamson
Bitcoin storms above $100K, sees value more than double in 2024
[ Thu, Dec 05th 2024 ]: Bill Williamson
Rukam Capital's Archana Jahagirdar On Backing India's Next Wave Of Consumer Startups
[ Thu, Dec 05th 2024 ]: Bill Williamson
Unlocking the economic potential of internally di .. laced persons in Africa; private sector solutions
[ Thu, Dec 05th 2024 ]: Bill Williamson
The Cellar in Anstruther reopens with a Spanish twist
[ Thu, Dec 05th 2024 ]: Bill Williamson
Building a climate-resilient energy sector in Nigeria: Challenges and recommendations
[ Thu, Dec 05th 2024 ]: Bill Williamson
Optimism among SMEs at highest level in over a year - Linked Finance
[ Thu, Dec 05th 2024 ]: Bill Williamson
Intel's CEO shake-up puts foundry plans, CHIPS Act cash at risk
[ Thu, Dec 05th 2024 ]: Bill Williamson
Brookfield-backed debt collection giant Panthera finds new owner
[ Thu, Dec 05th 2024 ]: Bill Williamson
Zingers and a pile of votes
[ Thu, Dec 05th 2024 ]: Bill Williamson
ADIB announces the 7th Edition of EFICA: Pioneering Innovation in Ethical and Islamic Finance
[ Thu, Dec 05th 2024 ]: Bill Williamson
Sir Peter Mason, civil engineering supremo who led Balfour Beatty and Amec among other companies
[ Thu, Dec 05th 2024 ]: Bill Williamson
How the world's biggest offshore wind company was blown off course
[ Thu, Dec 05th 2024 ]: Bill Williamson
Digitisation becomes Africa's great equaliser in financial services
[ Thu, Dec 05th 2024 ]: Bill Williamson
Online Applications for Admissions-2025 Closing S .. Flagship MBA, Executive MBA, and MMS-BF Programs
[ Thu, Dec 05th 2024 ]: Bill Williamson
Saudi COP16 Presidency Calls on Private Sector to .. Funding Amid Land Restoration Finance 'blackhole'
[ Thu, Dec 05th 2024 ]: MSN
Cancer Daily Horoscope Today (June 21 - July 22) December 5, 2024: Attractive proposals will come!
[ Thu, Dec 05th 2024 ]: AOL
Intel's CEO shakeup puts foundry plans, CHIPS Act cash at risk
[ Thu, Dec 05th 2024 ]: MSN
Taurus Daily Horoscope Today (April 20- May 20), December 5, 2024: Closed ones will be happy!
[ Thu, Dec 05th 2024 ]: The Star
Finance Committee members decline to lower Railway Levy
[ Thu, Dec 05th 2024 ]: moneycontrol.com
TruCap Finance Consolidated September 2024 Net Sales at Rs 57.65 crore, up 35% Y-o-Y
[ Thu, Dec 05th 2024 ]: Hoteliermiddleeast.com
Taj Dubai has two new hires in the finance and sales and marketing departments
[ Thu, Dec 05th 2024 ]: Zawya
SME finance in the Middle East: the shift towards digital solutions
[ Thu, Dec 05th 2024 ]: Bill Williamson
National Bank of Canada reports rise in profits as it looks to closing CWB deal
Vrbo
Wed, December 4, 2024
[ Wed, Dec 04th 2024 ]: Bill Williamson
Bank of Nova Scotia (BNS) Q4 2024 Earnings Call Highlights: Record Net Income and Strategic ...
[ Wed, Dec 04th 2024 ]: Bill Williamson
"Makes economic sense": Mount Zero Olives on its journey to sustainability
[ Wed, Dec 04th 2024 ]: Bill Williamson
Welcome Steve Russolillo, Chief News Editor
[ Wed, Dec 04th 2024 ]: Bill Williamson
AT&T CEO: If Trump slashes taxes, we will invest more in American infrastructure
[ Wed, Dec 04th 2024 ]: Bill Williamson
Rexas Finance Crypto Price Prediction: Is RXS Really the Next Dogecoin (DOGE)?
[ Wed, Dec 04th 2024 ]: Bill Williamson
Donald Trump picks former Georgia Sen. Kelly Loeffler to lead Small Business Administration
[ Wed, Dec 04th 2024 ]: Bill Williamson
Scottish budget vows to scrap two-child benefits cap
[ Wed, Dec 04th 2024 ]: Bill Williamson
News Highlights: Top Financial Services News of the Day - Wednesday at 11 AM ET
[ Wed, Dec 04th 2024 ]: Bill Williamson
Meet the Supercharged Growth Stock That Could Make You a Millionaire
[ Wed, Dec 04th 2024 ]: Bill Williamson
ROYAL BANK OF CANADA REPORTS FOURTH QUARTER AND 2024 RESULTS
[ Wed, Dec 04th 2024 ]: Bill Williamson
Central Bank of Kenya Announces New Monetary Policy Committee Members
[ Wed, Dec 04th 2024 ]: Bill Williamson
Donaldson Company, Inc. (NYSE:DCI) Q1 2025 Earnings Call Transcript
[ Wed, Dec 04th 2024 ]: Bill Williamson
Compliant power cooperatives to be granted exemption from local taxes
[ Wed, Dec 04th 2024 ]: Bill Williamson
3 Ways Boeing Can Have a Great 2025
[ Wed, Dec 04th 2024 ]: Bill Williamson
Why Shares of Johnson Controls Surged Again in November
[ Wed, Dec 04th 2024 ]: Bill Williamson
Food inflation in policy formulation a complex issue, says EAC-PM member Shah
[ Wed, Dec 04th 2024 ]: Bill Williamson
Fake CEOs swindle Rs 7 crore from Delhi firms: Modus operandi explained
[ Wed, Dec 04th 2024 ]: Bill Williamson
Thai business group sees GDP growth at 2.8% this year, risks ahead
[ Wed, Dec 04th 2024 ]: Bill Williamson
Curious deals of billionaire Richard White and his wife Zena Nasser
[ Wed, Dec 04th 2024 ]: Bill Williamson
Lloyds Boss Warns Car Finance Saga Making UK Banks Less Investable

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

  Copy link into your clipboard //business-finance.news-articles.net/content/202 .. l-motors-as-it-cuts-the-value-of-its-assets.html
  Print publication without navigation Published in Business and Finance on by Bill Williamson
  • 🞛 This publication is a summary or evaluation of another publication
  • 🞛 This publication contains editorial commentary or bias from the source
The poor performance of General Motors' Chinese joint ventures is forcing the company to write down assets and take a restructuring charge totaling more than $5 billion in the fourth quarter of this y
General Motors (GM) has announced a significant write-down of its assets in China, reflecting the challenges faced by the company in the world's largest auto market. The write-down, amounting to approximately $1.2 billion, is part of a broader restructuring effort to streamline operations and adapt to the rapidly changing dynamics of the Chinese automotive industry. This move comes as GM grapples with declining sales, increased competition from local electric vehicle manufacturers, and shifting consumer preferences towards electric and new energy vehicles. The company is also reevaluating its joint ventures in China, with potential plans to reduce its stake or restructure these partnerships to better align with its strategic goals. This financial adjustment underscores the difficulties foreign automakers face in China amid a market that is increasingly favoring domestic brands and electric vehicles.

Read the Full The Washington Post Article at:
[ https://www.washingtonpost.com/business/2024/12/04/general-motors-china-venture-asset-write-down-restructuring/13c9ac94-b234-11ef-9d23-e5faa22ad216_story.html ]