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GM Takes $1.6 Billion Hit for Scaling Back EV Plans
General Motors is taking $1.6 billion in charges for scaling back its electric vehicle production. In a filing Tuesday, the automaker is blaming weaker federal support and weakening demand. GM warns more pain could come as it reassesses its EV strategy. Steve Man, Bloomberg Intelligence Global Autos and Industrials Research Analyst, joined ...
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405 reactions · 20 shares | The auto industry is on the cusp of a new era. Be a part of it with a future at a GM Dealership. | General Motors | Facebook
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