General Motors Corp (GM)

Index:

S&P 100

$ 76.62
   
  • Change Today:
    $-2.33
  • 52 Week High: $86.38
  • 52 Week Low: $45.05
  • Currency: US Dollars
  • Shares Issued: 972.00m
  • Volume: 9,248,154
  • Market Cap: $74,475m
  • RiskGrade: 205
  • Beta: 0.08

GM takes $5bn loss on Chinese business

By Iain Gilbert

Date: Wednesday 04 Dec 2024

LONDON (ShareCast) - (Sharecast News) - US automotive giant General Motors' Chinese business has taken a $5.0bn charge amid an ongoing slowdown in what was once its largest market.
GM said on Wednesday that it had experienced a "material loss in value" to its investments in certain China joint ventures.

As a result, the Detroit-based firm stated that it will now write down the value of its interest in its Chinese JVs by as much as $2.9bn. It will also record an additional $2.7bn in restructuring charges.

As of 1330 GMT, GM shares were down 0.99% at $53.13 each.









Reporting by Iain Gilbert at Sharecast.com

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

GM Market Data

Currency US Dollars
Share Price $ 76.62
Change Today $ -2.33
% Change -2.95 %
52 Week High $86.38
52 Week Low $45.05
Volume 9,248,154
Shares Issued 972.00m
Market Cap $74,475m
Beta 0.08
RiskGrade 205

What The Brokers Say

Strong Buy 6
Buy 11
Neutral 7
Sell 2
Strong Sell 0
Total 26
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Trades for 29-Apr-2026

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15:59 200 @ $76.63

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