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General Motors deals billion-dollar blow to the EV industry
The U.S. EV market has had a record-setting 2025. But new information from General Motors GM shows just how precarious the industry's perch is. However, there are some concerns underneath all of that ...
Autoblog
General Motors Takes $1.6 Billion Hit From EV Strategy Shift
The automaker also warned that it may recognize more charges that may hurt its results in future quarters. The charges highlight the burden that the loss of federal support for EV production has on ...
Detroit News
GM reports $1.6B hit from now-unused EV investments
General Motors Co. on Tuesday reported that it sunk roughly $1.6 billion into electric vehicle manufacturing capacity that it no longer is using because of shifting federal auto policies under ...
WTOL
General Motors to remove all EV production technology from Toledo Propulsion Systems plant, union leader says
TOLEDO, Ohio — General Motors (GM) is removing all of its electrical vehicle (EV) production technology from its Toledo Propulsions Systems facility on Alexis Road, according to UAW Local 14 President ...
TheStreet.com
General Motors deals billion-dollar blow to the EV industry
General Motors filed an important update on its EV plans. However, there are some concerns underneath all of that growth. Consumers purchased 90 different EV models in the third quarter, but only nine ...
Hosted on MSN
General Motors Takes $1.6 Billion Hit From EV Strategy Shift
According to a new report published by Bloomberg, General Motors has encountered a significant financial hiccup ahead of reporting its third-quarter financial results later this month. The financial ...