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

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.

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