The automaker estimates its struggling China business will cost $5 billion, but it isn't giving up on the country yet.

The automaker partners with SAIC Motor Corp. in a 50-50 joint venture in China called Shanghai General Motors (“SGM”), which manufactures and sells Chevrolet, Buick and Cadillac vehicles.

The automaker partners with SAIC Motor Corp. in a 50-50 joint venture in China called Shanghai General Motors (“SGM”), which manufactures and sells Chevrolet, Buick and Cadillac vehicles. The joint ...