GM to take $1.6 billion charge related to EV pullback


A Chevrolet Silverado EV and a Chevrolet Brightdrop, which is assembled in Canada, are seen on display at the Canadian International AutoShow in Toronto, Ontario, Canada, February 13, 2025.

Carlos Osorio | Reuters

Detroit – General Motors’ third-quarter results next week will include a $1.6 billion impact from its all-electric vehicle plans not playing out as planned.

The Detroit automaker Tuesday morning in a public filing said $1.2 billion of the impact will be non-cash charges as a result of adjustments to its EV capacity. The other $400 million in cash is primarily related to contract cancellation fees and commercial settlements associated with EV-related investments, according to the filing.

This is breaking news. Please check back for additional information.


Related Posts

Alterra IOS CEO on the outperforming real estate sector hiding in plain sight

Industrial outdoor storage in Elgin, Illinois. Courtesy of Alterra IOS A version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new…

McDonald’s (MCD) Q3 2025 earnings

The logo of McDonald’s is seen in Los Angeles, California. Lucy Nicholson | Reuters McDonald’s is expected to report its third-quarter earnings before the bell on Wednesday. Here’s what Wall…

Leave a Reply

Your email address will not be published. Required fields are marked *

You Missed

Britannia Industries Q2 Results: Net profit rises 23% to ₹655 crore, beats estimates; revenue up 4% YoY

  • By admin
  • November 5, 2025
  • 0 views
Britannia Industries Q2 Results: Net profit rises 23% to ₹655 crore, beats estimates; revenue up 4% YoY

Alterra IOS CEO on the outperforming real estate sector hiding in plain sight

  • By admin
  • November 5, 2025
  • 0 views
Alterra IOS CEO on the outperforming real estate sector hiding in plain sight

Celebrity nutritionist Rujuta Diwekar shares ‘3 small lifestyle habits’ that can make a big impact on your health

  • By admin
  • November 5, 2025
  • 0 views
Celebrity nutritionist Rujuta Diwekar shares ‘3 small lifestyle habits’ that can make a big impact on your health

Artificial Intelligence Renders the FDA’s Current Drug Approval Process to be Obsolete – The Health Care Blog

  • By admin
  • November 5, 2025
  • 0 views
Artificial Intelligence Renders the FDA’s Current Drug Approval Process to be Obsolete – The Health Care Blog

Mohammed Shami ignored by Agarkar despite picking 15 wickets in 3 games, Rishabh Pant back in India squad for SA Tests

  • By admin
  • November 5, 2025
  • 0 views
Mohammed Shami ignored by Agarkar despite picking 15 wickets in 3 games, Rishabh Pant back in India squad for SA Tests

New York Jets send emotional message to Quinnen Williams after trading defensive tackle to Dallas Cowboys

  • By admin
  • November 5, 2025
  • 0 views
New York Jets send emotional message to Quinnen Williams after trading defensive tackle to Dallas Cowboys