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GM begins turnaround plan in China as SAIC-GM contract approaches expiration

SAIC-GM, a joint-venture between GM and SAIC Motor in China, has unveiled a three-year turnaround plan as the 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 join....

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