Home Procurement NewsGM expects more than $5 billion impact from China restructuring, including plant closures

GM expects more than $5 billion impact from China restructuring, including plant closures

December 4, 2024•

General Motors expects a restructuring of its joint venture operations with SAIC Motor Corp. in China to cost more than $5 billion in charges and writedowns.

Was this article helpful?

YesNo

Last modified: December 4, 2024

Previous: Africa: United Nations and Humanitarian Partners Launch U.S.$47 Billion Appeal for 2025 to Support 190 Million People Worldwide

Next: “I’ve never received N1 billion in my account”- Pastor Bolaji Idowu addresses fraud allegations

Are you ready to join the Community?

Join the Conversation!

Community of Practice Portal aims to bring together key stakeholders in the procurement landscape in Nigeria to leverage on each others skillset in relation to understanding Procurement data in a bid to use these data to create stories and to generate action from the government.

Community of practice platform is an initiative under Anti-Corruption Innovation Project, a UNDP funded Project in collaboration with Accountability lab Nigeria, and Open Contracting Partnerships