The firm raised its price target on General Motors to $98 from $86, while maintaining a buy rating on the company's shares.
GM's announcement comes after Ford said it would record similar writedowns following a broad resetting for the U.S. EV market ...
The true-up mechanism is charged annually, but can be paid more frequently to ensure notes make timely payment of principal ...
GM records a $1.1 billion charge for restructuring its China joint venture amid broader EV investment cuts, reflecting market ...
DETROIT – The poor performance of General Motors' Chinese joint ventures is forcing the company to write down assets and take a restructuring charge totaling more than $5 billion in the fourth quarter ...
Diversified manufacturer Leggett & Platt anticipates a fourth quarter, largely non-cash, pre-tax charge of approximately $36 million. The expense primarily reflects restructuring-related activity ...