GM puts $6 billion price tag on EV mistake [Yahoo! Finance]
General Motors Company (GM)
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Source: Yahoo! Finance
In October, the country's largest automaker by volume said that its board of directors approved third-quarter charges of $1.6 billion in GM North America for a “planned strategic realignment of our EV capacity and manufacturing footprint” to match consumer demand. 2025 (through November) : over 1 million units, 10.5% market share : 1.3 million, 8.1% market share : 1.2 million, 7.8% market share : 800k 5.8%, market share Source: Cox Automotive That included a non-cash impairment charge of $1.2 billion in the quarter, as the company is in the process of converting EV manufacturing platforms for other purposes, and another $400 million in contract cancellations and commercial settlement fees. However, the company warned in an 8-K filing at the time that the $1.6 billion figure could grow substantially as it conducted a reassessment of its EV capacity, manufacturing footprint, and battery component manufacturing. The company completed its reassessment, and it turns out th
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News
- GM Just Suffered A $6B Loss (And It's All Because Of EVs) [Yahoo! Finance]Yahoo! Finance
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GM
Earnings
- 10/21/25 - Beat
GM
Sec Filings
- 1/8/26 - Form 8-K
- 1/5/26 - Form 4
- 1/5/26 - Form 4
- GM's page on the SEC website