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GM
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GM Canada at the 2026 Montreal International Auto Show 2026-01-16 GM Canada is back at the …
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General Motors has said it will book a one-time earnings hit of $7.1bn, mostly due to its pullback on electric vehicles in light of shifting US policies. The Detroit auto giant’s fourth-quarter results will be dented by $6bn in charges connected to reversals on EV investments, according to a securities filing. The remaining $1.1bn includes costs from the company’s restructuring of its China operations. GM’s move follows a $1.6bn writedown in the third quarter due to pivots away from EVs following a sharp US policy reversal under President Donald Trump. Trump, who views climate change as a hoax, has killed major initiatives favouring EVs championed by predecessor Joe Biden. GM’s profit warning also comes on the heels of a Ford announcement December 15 that it will write off about $19.5bn over several years amid the shifting policy outlook. Throughout Biden’s presidency, GM CEO Mary Barra had invested aggressively in building EV capacity. The company announced in 2021 a target of having its cars and trucks emission-free by 2035. Barra has said that EVs remain a long-term priority, but that the company is modifying investments in response to consumer demand. “With the termination of certain consumer tax incentives and the reduction in the stringency of emissions regulations, industry-wide consumer demand for EVs in North America began to slow in 2025,” GM said in the filing. “As a result, GM proactively reduced EV capacity.” Besides the EVhit, the $1.1bn in non-EV charges included costs related to the restructuring of China joint venture SAIC General Motors Corporate Limited, as well as “an additional legal accrual.” Related Story
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China, the world’s top soybean consumer, faces a complex balancing act when securing supplies. With 90 …
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GM is adding an Apple Music app to select 2025 and newer Cadillac and Chevrolet models, …
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Last Updated: Nov. 30, 2025 at 11:07 a.m. ETFirst Published: Nov. 29, 2025 at 9:00 a.m. ET This …
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General Motors is going to be scaling back production of the Cadillac Lyriq and Vistiq, as …
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The Future of NBA Trade Dynamics: Lessons from the Luka Doncic Trade The NBA landscape is …
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Ross Atkins’ Position Uncertain as Toronto Blue Jays Consider Alex Slater PUBLICATION Bobby Ohr January 26, …