{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-24-270298","form_type":"8-K","ticker":"GM","cik":"0001467858","company_name":"General Motors Co","filed_at":"2024-12-04T23:59:59+00:00","discovered_at":"2026-05-14T18:03:08.507905+00:00","generated_at":"2026-05-29T08:33:13.710326+00:00","sec_items":["2.06"],"event_type":"other_material","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"GM records $2.6-2.9B impairment on China JV, plus $2.7B restructuring losses","bullets":["Audit Committee concluded other than temporary impairment of interest in SAIC-GM JV (SGM) on Dec 2, 2024.","Impairment of equity interest in China JVs expected $2.6-2.9B in Q4 2024.","Additional equity losses of ~$2.7B from SGM restructuring (plant closures, portfolio optimization), majority in Q4.","Charges are non-cash and treated as special for EBIT-adjusted purposes.","Restructuring driven by market challenges and competitive conditions in China."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-24-270298","json":"https://secwatch.observer/filing/0001193125-24-270298.json","markdown":"https://secwatch.observer/filing/0001193125-24-270298.md","text":"https://secwatch.observer/filing/0001193125-24-270298.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1467858/000119312524270298/0001193125-24-270298-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1467858/000119312524270298/d902397d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-29T08:33:13.710326+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"0298de0040cf205ae616954e9652a0508fedc0c8","claim":"General Motors Co announced a impairment with charges of $2.6–2.9 billion affecting SAIC General Motors Corporation Limited (SGM) equity interest in China JVs.","evidence_excerpt":"to stabilize market share and focus on profitability, and expects to (i) record an other than temporary impairment of our equity interest in the China JVs in the range of $2.6–2.9 billion in the three months ending December 31, 2024, and (ii) recognize additional equity losses of approximately $2.7 billion resulting from the implementation of SGM’s","evidence_source":"SEC 8-K Item 2.05/2.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1467858/000119312524270298/0001193125-24-270298-index.htm","confidence":0.9,"family_label":"Restructurings & Charges","details":[{"label":"Type","value":"impairment"},{"label":"Charge","value":"$2.6–2.9 billion"},{"label":"Affected area","value":"SAIC General Motors Corporation Limited (SGM) equity interest in China JVs"}],"fact_type":"restructuring_charge"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}