General Motors expects over $5 billion in non-cash charges and writedowns from restructuring its joint venture operations with SAIC Motor Corp. in China. The company anticipates writing down $2.6 billion to $2.9 billion in value and incurring $2.7 billion in restructuring charges. GM’s operations in China have shifted from profit to liability as competition from domestic automakers and changing consumer perceptions take a toll. GM believes the restructuring plan will improve results by 2025 without requiring new cash investments.
