GM takes $6 billion hit as cost of backing away from EVs

General Motors on Thursday said it will take an additional $6 billion hit against its earnings as result of it pulling back ...
Cryptopolitan on MSN

General Motors is taking a $6 billion writedown as the company scales back production plans

Automakers like General Motors (GM) and Ford Motor are scaling back their production of electric vehicles due to weak ...

GM to take $6 billion writedown on EV pullback

General Motors said on Thursday it would take a $6 billion charge to unwind some electric-vehicle investments, the latest car ...

GM hit with $6 billion in charges as EV incentives cut and emissions standards fade

General Motors will be hit with charges of about $6 billion as sales of electric vehicles sputter after the U.S. cut tax ...
Electrek

The new $29k 2027 Chevy Bolt is now in dealerships, get it before it’s gone again

Chevy retired the Bolt in 2023, but now it's back at dealers "for a limited time only" at $29k, the most affordable EV in ...

GM sales slip in Q4, rise overall in 2025 thanks to gas trucks, SUVs

The Detroit automaker's EV sales fell in the fourth quarter as expected due to the loss of the tax credit, but rose overall ...

GM says its bet on EVs made it bleed billions more, and the losses won't stop anytime soon

GM said it would record about $6 billion in fourth-quarter charges tied to scaling back EV plans in the US.
Electrek

GM sold more than twice as many EVs in the US as Ford in 2025

Ford’s electric vehicle sales took a hit in 2025 after scaling back plans, including ending production of the F-150 ...
The Grand Junction Daily Sentinel

Lower demand for electric cars dents GM's sales

General Motors reported a dip in fourth-quarter US auto sales Monday, reflecting a sharp decline in electric vehicle ...

General Motors writes down $6 billion as domestic EV sales plans change

American automakers who got overenthusiastic about electric vehicles continue to pay the price—literally. Yesterday, General ...