Losses in China lead to $5B charge for General Motors as it cuts the value of its assets
The poor performance of the Detroit automaker's Chinese joint ventures is forcing the company to write down assets and take a restructuring charge totalling more than $5 billion USD in the fourth quarter of this year.
The poor performance of the Detroit automaker's Chinese joint ventures is forcing the company to write down assets and take a restructuring charge totalling more than $5 billion USD in the fourth quarter of this year.
