Subject: Re: Farley admits reality, mostly
Meanwhile, GM takes a second EV writeoff.

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

General Motors on Thursday said it will lose another $6 billion as a result of its decision to pull back on electric cars.

It comes on top of a $1.6 billion charge it disclosed in October for changes to its EV plans.

Much of GM’s $6 billion charge against its earnings will go towards settling canceled contracts with parts suppliers.

https://www.cnn.com/2026/01/08...


Steve