GM takes $7B hit after shifting EV strategy due to slowing demand
General Motors on Tuesday announced a multibillion-dollar charge related to the realignment of its electric vehicle (EV) strategy following the release of its 2025 financial results and its guidance for 2026. GM reported that its net income attributable to stockholders was 12.7 billion.The Detroit automaker's fourth-quarter net income was lowered by over $7.2 billion in special charges that GM attributed primarily to changes in its EV capacity and investments as it adjust ...