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Benzinga
Benzinga
Business
Lekha Gupta

General Motors' China JV Woes Trigger Billions Of Charge: Details

General Motors China GM SGM

General Motors Company (NYSE:GM) shares are trading lower on Wednesday after the company concluded that a material impairment of its equity interest in SAIC General Motors Corporation Limited (SGM) is necessary.

This decision follows a determination that the value of GM’s investments in certain of its China joint ventures has declined.

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