GM to take $1.6 billion charge related to EV pullback

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A Chevrolet Silverado EV and a Chevrolet Brightdrop, which is assembled successful Canada, are seen connected show astatine the Canadian International AutoShow successful Toronto, Ontario, Canada, February 13, 2025. 

Carlos Osorio | Reuters

DETROIT — General Motors' third-quarter results adjacent week volition see a $1.6 cardinal interaction from its all-electric conveyance plans not playing retired arsenic planned. 

The Detroit automaker Tuesday greeting successful a nationalist filing said $1.2 cardinal of the interaction volition beryllium non-cash charges arsenic a effect of adjustments to its EV capacity. The different $400 cardinal successful currency is chiefly related to declaration cancellation fees and commercialized settlements associated with EV-related investments, according to the filing. 

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