GM to take $5 billion hit over struggling China joint venture

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General Motors (GM) is expected to take a $5 billion hit in non-cash charges over its joint-venture operation in China with SAIC Motor Corp. (600104.SS).

Yahoo Finance senior autos reporter Pras Subramanian joins Catalysts to explain the situation, GM's losses, and the automaker's write-downs of the venture and restructuring charges.

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This post was written by Luke Carberry Mogan.