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GM swallowed a $10.9 billion pill to reset its EV strategy. It says the worst is nearly over.
General Motors has recorded billions in write-downs as it cuts battery capacity, leans on gas-powered vehicles, and resets its EV ambitions.
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economictimes.indiatimes.com
General Motors lifts 2026 outlook despite hit from electric retreat
General Motors raised its full-year profit forecast on Tuesday after reporting solid quarterly results on strong vehicle pricing that offset a hit from costs tied to winding down…
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businessinsider.com
GM swallowed a $10.9 billion pill to reset its EV strategy. It says the worst is nearly over.
General Motors has recorded billions in write-downs as it cuts battery capacity, leans on gas-powered vehicles, and resets its EV ambitions.