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Author: Steve203 🐝  😊 😞
Number: of 3853 
Subject: Re: Farley admits reality, mostly
Date: 01/09/26 10:33 AM
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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/business/gm-ev-cost...


Steve
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