GM discloses $7bn hit from EV transition and China restructuring
Detroit-based carmaker says it ‘proactively reduced EV capacity’
Related reading
End of EV euphoria triggers $65bn hit for carmakers
Manufacturers rethink US strategy in pivot back to petrol and hybrids
GM takes $1.6bn charge to scale back electric vehicle production
Trump administration’s cancellation of tax credits for battery-powered vehicles expected to reduce demand
Why General Motors is making a ‘risky’ bet on an unproven battery technology
Driving down costs is a top priority for the head of electric cars at the Detroit carmaker
Ford to take $19.5bn hit as US carmaker overhauls EV strategy
Group scraps plans for some electric trucks as it contends with Trump regulatory changes and tepid demand
Can China stop its EV price wars?
Carmakers fear falling behind on scale and technology even as profit margins drop and officials lambast extreme discounting
Ford swings to loss as costs from recalls and Trump tariffs pile up
Detroit carmaker has secured a $3bn credit line to prepare for rising cash pressure