China charges weigh on General Motors but profit and revenue top expectations

Chevrolet maker General Motors swung to a loss in the fourth quarter on huge charges related to China, but still topped profit and revenue expectations (Gene J Puskar/AP)

General Motors swung to a loss in the fourth quarter on huge charges related to China, but still topped profit and revenue expectations.

Last month the vehicle manufacturing giant warned that the poor performance of its Chinese joint ventures would force it to write down assets and take a restructuring charge totalling more than 5 billion US dollars (£4 billion) in the fourth quarter.