GM's China Joint Venture Restructuring

This is a news story, published by CNBC, that relates primarily to GM news.

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venture operations

CNBC

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

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The restructuring charges for the "SGM" joint venture are anticipated to include "plant closures and portfolio optimization" GM said most of the costs are expected to be recognized as non-cash, special item charges during the fourth quarter .

GM said it believes the joint venture "has the ability to restructure without new cash investments" from the American automaker.

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