GM to record $7.1 billion in fourth-quarter charges due to EV pullback, China restructuring

DETROIT – General Motors said Thursday it will record $7.1 billion in special charges for the fourth quarter of last year related to its pullback in electric vehicles and restructuring efforts in China.The Detroit automaker said in a public filing that the charges include roughly $6 billion related to changes to its EV plans amid weakening demand and $1.1 billion, including $500 million cash, largely related to its previously announced overhaul of a Chinese joint venture.The charges will impact GM's net inc ...