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The Independent UK
The Independent UK
National
Michelle Chapman

Charges tied to China weigh on GM in Q4, but profit and revenue top expectations

Earns General Motors - (Copyright 2024 The Associated Press, All Rights Reserved)

General Motors swung to a loss in the fourth quarter on huge charges related to China, but still topped profit and revenue expectations on Wall Street.

Last month GM cautioned that the poor performance of its Chinese joint ventures would force it to write down assets and take a restructuring charge totaling more than $5 billion in the fourth quarter.

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