General Motors is facing a restructuring charge exceeding $5bn due to poor performance in its China joint ventures. The company will write down assets and cut the value of its equity stake by $2.6bn. Despite losses in the ventures, GM anticipates a full-year net profit of $10.4bn to $11.1bn. The Chinese market has become challenging for foreign car makers, with increased competition from domestic brands. Teljes cikk (Euronews.com)