The main joint venture with SAIC, called SGM, is finishing restructuring actions that GM expects will “address market challenges and competitive conditions,” GM said in the filing.
Losses in China lead to $5B charge for General Motors as it cuts the value of its assets
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GM said it sold 32,000 electric vehicles during the quarter, with discounts that were 11 percentage points below the industry average.
General Motors overcomes U.S. sales dip and China losses to post quarterly profit of $3 billion
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