The charge is related to the automaker’s plans to reduce some of its EV production in the face of cooling demand and a less hospitable regulatory environment. It comes a week after Ford said it would take a similar financial hit on its EV investments, and a few months after GM took a $1.6 billion writedown on EVs. When will the EV bloodletting end?
[Link: General Motors: Report of unscheduled material events or corporate event | https://investor.gm.com/static-files/87a9c81a-cc87-4d82-a73c-5bbf246ed40f | SEC]
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GM takes a $6 billion hit on EVs.
The charge is related to the automaker’s plans to reduce some of its EV production in the face of cooling demand and a less hospitable regulatory environment. It comes a week after Ford said it would … [667 chars]
Source: The Verge | Published: 2026-01-09T16:36:23Z
Credit: The Verge
