Skip to main content
The homepageThe VergeThe Verge logo.
The homepageThe VergeThe Verge logo.
Posted
A
External Link
Andrew J. Hawkins
GM takes a $6 billion hit on EVs.

The charge is related to the automaker’s plans to reduce some of its EV production in the face of cooling demand and a less hospitable regulatory environment. It comes a week after Ford said it would take a similar financial hit on its EV investments, and a few months after GM took a $1.6 billion writedown on EVs. When will the EV bloodletting end?

General Motors: Report of unscheduled material events or corporate event

[SEC]

Follow topics and authors from this story to see more like this in your personalized homepage feed and to receive email updates.
Comments
Loading comments
Getting the conversation ready...

Most Popular

Most Popular
  1. European retailers yank popular headphones after study reports trace amounts of hormone-disrupting chemicals
  2. PC makers are not ready for the MacBook Neo
  3. Gemini’s task automation is here and it’s wild
  4. Amazon Prime Video nearly doubles the price to go ad-free and stream 4K video
  5. MacBook Air M5 review: a small update for the ‘just right’ Mac

More in Transportation

The R2 is nearly here — can Rivian stick the landing?The R2 is nearly here — can Rivian stick the landing?
Rivian R2 prices revealed: you’re going to have to wait longer for that $45,000 versionRivian R2 prices revealed: you’re going to have to wait longer for that $45,000 version
Honda cancels Zero Series EVs, citing ‘extremely challenging’ situationHonda cancels Zero Series EVs, citing ‘extremely challenging’ situation
You can now ask Google Maps ‘complex, real-world questions’ — and Gemini will answerYou can now ask Google Maps ‘complex, real-world questions’ — and Gemini will answer
Nvidia’s head of autonomous driving opens up about his plan to beat Waymo and TeslaNvidia’s head of autonomous driving opens up about his plan to beat Waymo and Tesla
How Trump’s war on Iran stranded a million flyers — and plunged the Gulf’s favorite playground into chaosHow Trump’s war on Iran stranded a million flyers — and plunged the Gulf’s favorite playground into chaos

Top Stories