GM Faces $6 Billion Hit as EV Ambitions Stumble
Published on: Jan. 9, 2026, 7:04 p.m. | Source: Devdiscourse
General Motors faces $6 billion in charges as electric vehicle sales decline following cuts to U.S. tax incentives and relaxed emissions standards. The announcement comes after a previous quarter's charge of $1.6 billion, forcing the automaker to reassess its transition to electric power.
