GM takes $1.6 billion charge as it reassesses EV plans

Core Viewpoint - General Motors will incur charges totaling $1.6 billion in the third quarter due to a realignment of its electric-vehicle capacity and manufacturing in response to softer demand [1] Group 1 - The company is adjusting its electric-vehicle strategy to better align with current market demand [1] - The $1.6 billion charges reflect the financial impact of these strategic changes [1]