Is GM's $7.6B EV Impact in 2025 a Step Toward Better Profit Focus?
Key Takeaways GM will take 6B in Q4, dragging down reported net income.GM scaled back EV plans as U.S. policy shifts and fading incentives cooled demand and slowed EV adoption.GM is shifting resources toward higher-margin vehicles and proven revenue drivers. U.S. legacy automaker General Motors (GM) is taking a financial hit as it slows down its aggressive electric vehicle (EV) push. The company notified that it will record about $6 billion in special charges ...