Home / General / GM warns of $6B hit to profit on EV pullback as demand plummets

GM warns of $6B hit to profit on EV pullback as demand plummets

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.

General Motors said 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.
The charge stems from reduc… [927 chars]

Source: New York Post | Published: 2026-01-08T21:42:00Z

Credit: New York Post

Tagged:

Leave a Reply

Your email address will not be published. Required fields are marked *