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

Employees work on Buick Envision SUVs at General Motors' Dong Yue assembly plant, officially known as SAIC-GM Dong Yue Motors Co., Ltd., on Nov. 17, 2022, in Yantai, Shandong Province of China.DETROIT – 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, the Detroit automaker disclosed in a federal filing Wednesday morning.GM said it expects to write down the value of its joint-venture operations in Chi ...