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.
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5 viewpointsLosses in China lead to $5 billion charge for General Motors as it cuts the value of its assets
Losses in China lead to $5 billion charge for General Motors as it cuts the value of its assets - Boston News, Weather, Sports
GM announces more than $5 bn hit to earnings in China venture
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2 viewpointsLosses in China lead to $5 billion charge for General Motors as it cuts the value of its assets
China losses force General Motors to take over $5B in charges to restructure and cut asset values
Poor performance at GM's China joint ventures leads to $5 billion charge for automaker
GM announces more than $5 bn hit to earnings in China venture