GM Faces China Challenges

This is a China news story, published by Euronews, that relates primarily to General Motors news.

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General Motors takes billion-dollar hit over losses in China

Summary

Nutrition label

77% Informative

General Motors has announced it is having to take a restructuring charge of more than $5bn ( 4.8bn ) and write down assets in the fourth quarter of this year .

China has become an increasingly difficult market for foreign car makers.

The country is now subsidising its own domestic car makers, with BYD raising quality and cutting costs.

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Informative language

Neutral language

Article tone

formal

Language

English

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Offensive language

not offensive