G.M. Books a $7.1 Billion Loss as It Scales Back E.V. Ambitions

Core Viewpoint - General Motors is reducing the value of its battery and electric vehicle factories due to changes in federal policy that have negatively impacted demand [1] Group 1: Company Actions - The company is writing down the value of its battery and electric vehicle factories [1] Group 2: Industry Impact - Changes in federal policy have undercut demand for electric vehicles [1]