GM hit with $6 billion in charges as EV incentives cut and emissions standards fade - abcnews.go.com

Summary

General Motors is facing a $6 billion charge due to a reduction in electric vehicle incentives and the easing of emissions standards, as reported by ABC News. Additionally, the company is expected to record a total loss of $7.1 billion in the fourth quarter, attributed to its pullback from electric vehicles and restructuring in China, according to multiple sources.