GM also shared that it would reduce production at the factory to one shift. But its EV production rightsizing didn't end ...
Steel Horse Rides on MSN
GM lays off 1,300+ workers as Factory Zero EV strategy falters
General Motors is cutting more than 1,300 jobs tied to its electric vehicle build-out, a stark reversal for a strategy that ...
General Motors on Thursday said it will take an additional $6 billion hit against its earnings as result of it pulling back ...
Late last week, General Motors filed detailed paperwork with the Ohio Department of Job and Family Services revealing that ...
General Motors said on Thursday it would take a $6 billion charge to unwind some electric-vehicle investments, the latest car ...
The charge includes a $4.2 billion cash impact, which covers fees for broken contracts and settlements with suppliers who had ...
General Motors' Factory Zero resumes single-shift production today after permanently laying off 1,140 workers. Employees say ...
GlobalData on MSN
GM to take $6bn charge after EV strategy reset
The expected charges follow a strategic review announced in October 2025, as the automaker adjusted its EV capacity and ...
The company is still working on autonomous vehicles for personal ownership, in lieu of robotaxis, and has EVs that are ...
About 1,200 workers at General Motors Co.’s Detroit-area all-electric plant will be laid off as the company downsizes to a single shift in response to the slowing U.S. electric vehicle market. The ...
Plus, China is seeking to increase its oversight on battery makers and the EVs set to break cover at the Brussel Motor show.
GM will record a $6B EV writedown as demand cools, incentives end and production plans shift, while maintaining its broad U.S ...
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