General Motors said it was writing down the value of battery and electric vehicle factories after changes in federal policy undercut demand.
General Motors on Thursday became the latest automaker to announce a big loss from its investments in electric vehicles, as it reckoned with a slump in sales of those cars after Congress and President Trump overhauled federal policy to favor fossil f… [1677 chars]
Source: The New York Times | Published: 2026-01-08T21:05:47Z
Credit: The New York Times
