GM begins turnaround plan in China as SAIC-GM contract approaches expiration
General Motors’ SAIC-GM joint-venture in China SAIC-GM has unveiled a three-year turnaround plan as the SAIC-GM joint venture contract approaches its June 2027 expiration date. GM has already absorbed USD 2.7 billion in restructuring charges to slash capacity and improve the lineup, which helped to bring about the jo....
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