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The automotive giant’s restructuring efforts are to be recorded as non-cash charges, with GM reporting that future earnings will be severely impacted, particularly in the fourth quarter of this year. According to a December 4 regulatory filing, the company is anticipating non-cash charges divided into two main components: $2.7 billion for restructuring and an additional $2.6 billion to $2.9 billion attributed to diminished equity in its joint venture with SAIC Motor Corporation. This revaluation suggests that the joint venture, once a cornerstone of GM's operations in China, has considerably lost its value.