Google News • 1/8/2026 • Last cited 1/9/2026
General Motors is set to incur $7.6 billion in charges related to its electric vehicle (EV) business as demand in the U.S. declines, with $7.1 billion attributed to fourth-quarter losses from a pullback in EV investments and restructuring in China, according to Bloomberg. Multiple sources, including CNBC and CNN, report that the company is facing significant financial impacts due to its strategic shift away from EVs.
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