GM Stock Falls After $1.6 Billion EV Write-down. How Trump Policies Are Biting.

Core Insights - Electric vehicle (EV) adoption in the U.S. is experiencing a slowdown, prompting General Motors (GM) to announce a significant write-down of $1.6 billion related to its EV investments [1] Company Summary - GM has reported a $1.6 billion write-down, indicating challenges in its electric vehicle strategy as market conditions shift [1] Industry Summary - The slowdown in EV adoption in the U.S. raises concerns for the automotive industry, particularly for companies heavily invested in electric vehicle technology [1]