Topic - General Motors

GM said that it would record a negative impact of $1.6 billion in the third quarter after tax incentives for EVs were slashed by the U.S. and rules governing emissions are relaxed.

GM boosting full-year outlook as it foresees a smaller impact from tariffs and 3Q results top Street →

General Motors, which had led the way among U.S. automakers with plans to convert production to an electric fleet of vehicles, said in a regulatory filing on Tuesday that it will have to book charges that include non-cash impairment and other charges of $1.2 billion due to EV capacity adjustments.

GM to take a $1.6B hit as tax incentives for electric vehicles are slashed and emission rules ease →