General Motors said on Thursday it would take a $6 billion charge to unwind some electric-vehicle investments, the latest car company to pull back from EVs in response to the Trump administration’s policies and fading demand.
Sign up here.
Most of GM’s writedown – a $4.2 billion cash charge – is related to contract cancellations and settlements with suppliers, who had planned for much higher production volumes before the market turned.
GM said the writedown would not affe… [5343 chars]
Source: Reuters | Published: 2026-01-08T21:06:13Z
Credit: Reuters
